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re: WTI Crude at less than $8/bbl right now. Good investment?
Posted on 4/20/20 at 12:42 pm to Jag_Warrior
Posted on 4/20/20 at 12:42 pm to Jag_Warrior
Crazy. I’ve been hearing how this is a possibility, but never thought I’d see it.
2
Posted on 4/20/20 at 12:43 pm to Jag_Warrior
quote:
The CME Group just announced that they'll allow the May contract to trade negative - first time in history.
How do I buy something that it’s in the negative?
Posted on 4/20/20 at 12:45 pm to jlnoles79
quote:
Could we end up seeing shortages at some point?
That is what the Saudis wanted. They want to shutdown Shale. I don't think they wanted this mess though.
Posted on 4/20/20 at 12:45 pm to Covingtontiger77
quote:
How do I buy something that it’s in the negative?
You are paid to take the oil because someone doesn't have anywhere to put it.
Posted on 4/20/20 at 12:47 pm to Covingtontiger77
quote:think of it like paying someone to get rid of worthless garbage that you have nowhere to take for you.
How do I buy something that it’s in the negative?
Posted on 4/20/20 at 12:48 pm to castorinho
$1.08
Posted on 4/20/20 at 12:50 pm to thegreatboudini
Jesus Christ holy
Posted on 4/20/20 at 12:51 pm to thegreatboudini
Posted on 4/20/20 at 12:51 pm to bhtigerfan
Ok I’m about to have a heart attack....
Posted on 4/20/20 at 12:51 pm to Janky
I took a look at USO this morning. I'm surprised it isn't trading lower than it is. Down 5% at about 12:45 PM.
Posted on 4/20/20 at 12:52 pm to bhtigerfan
If this was real you would think the XLE would be down more that 1.7%, right?.
Posted on 4/20/20 at 12:52 pm to PlanoPrivateer
$0.90 right now
Posted on 4/20/20 at 12:53 pm to PlanoPrivateer
The curve has remained somewhat in tact. Now what June looks like when the contract rolls is yet to be determined.
Prompt CMA contract is at $24.17
Prompt CMA contract is at $24.17
This post was edited on 4/20/20 at 12:55 pm
Posted on 4/20/20 at 12:56 pm to ChoolzScoot
Real life Trading Places.
This post was edited on 4/20/20 at 12:59 pm
Posted on 4/20/20 at 12:57 pm to Janky
quote:this is relatively low volume and people that got caught holding expiring contracts. June 20 is still in the low 20s, at least last I checked.
If this was real you would think the XLE would be down more that 1.7%, right?.
Posted on 4/20/20 at 12:58 pm to windshieldman
$.01, Bob
Posted on 4/20/20 at 1:00 pm to TigerDeBaiter
Incredible
Posted on 4/20/20 at 1:01 pm to TigerDeBaiter
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