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Message
re: Lost in the commotion today - Oil is down ~25%
Posted on 3/18/20 at 1:40 pm to Boring
Posted on 3/18/20 at 1:40 pm to Boring
Double whammy with cratering demand and Saudis starting a price war at the same time.
West Texas/OK are gonna really take it in the shorts... as will most everyone. Hopefully a lot of the oilfield baws have a cash stash.
Analyst on Fox Business says oil price could go negative
West Texas/OK are gonna really take it in the shorts... as will most everyone. Hopefully a lot of the oilfield baws have a cash stash.
Analyst on Fox Business says oil price could go negative
This post was edited on 3/18/20 at 1:44 pm
2
Posted on 3/18/20 at 1:48 pm to TejasHorn
quote:
Double whammy with cratering demand and Saudis starting a price war at the same time.
I think the price war is as much to blame as the coronavirus for the (impending?) global recession.
Posted on 3/18/20 at 2:07 pm to TejasHorn
stock market and oil market taking a massive shite.
quote:
Hopefully a lot of the oilfield baws have a cash stash.
time to go back to selling hookers and blow!
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