Business
End of oil price rally fires warning shot for the ASX COVID recovery trade
The oil price rally appears to have come to an abrupt end in what could be an ominous sign for the COVID-19 reflation trade.
It isn’t only the end of JobKeeper that investors have to worry about!
While the Brent crude price bounced around 2% to US$64.53 on Saturday, investors are still feeling the sting of the more than 7% crash the day before.
It’s not only shareholders in ASX energy shares like the Woodside Petroleum Limited (ASX: WPL) share price and Oil Search Ltd (ASX: OSH) share price that would be biting their nails.
Oil threatening the ASX recovery trade
Oil is after all the poster child for the COVID recovery trade…
-
Noosa News22 hours agoGirl on scooter dies in Laidley, motorbike rider killed in Gatton
-
Noosa News18 hours agoLaidley e-scooter death: Tragic new details after Summah Richards killed in freak accident
-
General22 hours agoBrisbane coach Michael Maguire backs Reece Walsh despite error handing Broncos defeat
-
Noosa News23 hours agoGirl killed in horror e-scooter crash in Laidley, Queensland