Locked
Why Sasol shares are running – With insights from The Wall Street Journal
'A booming rally in oil markets has pushed crude prices to their highest levels' since the start of the pandemic, says The Wall Street Journal.
As Sasol shareholders well know, because of its overwhelming reliance on revenue from synthetic fuel sales, the JSE heavyweight is an accurate proxy for the global oil price. So it is no surprise to see Sasol shares rocketing from R75 to R200 in the past four months, after crude improved from $40 to $60 in a barrel. But what's next? Here's insights from our partners at The Wall Street Journal. – Alec Hogg
Use Spotify? Access BizNews podcasts here.
Use Apple Podcasts? Access BizNews podcasts here.
___STEADY_PAYWALL___