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re: Update, May crude oil futures now down to under $12
Posted on 4/20/20 at 9:23 am to Oilfieldbiology
Posted on 4/20/20 at 9:23 am to Oilfieldbiology
May expires tomorrow, longs can't take delivery with no storage to speak of. So yeah, front month rekt. That is a crazy carry from May to June. But market is already primarily trading off june, except for some poor souls who carried their May positions thru the weekend
This post was edited on 4/20/20 at 9:27 am
1
Posted on 4/20/20 at 9:32 am to ClampClampington
lots of laid off people won't be taking that summer vacation now (and that is if places even reopen) i think people traveling will be down for a long time because of this
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