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re: WTI Crude at less than $8/bbl right now. Good investment?
Posted on 4/20/20 at 1:18 pm to saints5021
Posted on 4/20/20 at 1:18 pm to saints5021
The volume is very low.
0
Posted on 4/20/20 at 1:20 pm to I Love Bama
-$1.43 now. How?
Do they pay you to take oil?
Do they pay you to take oil?
This post was edited on 4/20/20 at 1:35 pm
Posted on 4/20/20 at 1:23 pm to bhtigerfan
How many barrels will a pool hold?
Posted on 4/20/20 at 1:25 pm to SmackoverHawg
I have 4 empty bathtubs
Posted on 4/20/20 at 1:28 pm to Ruxins Rascals
Need to get a group together to split up our 1K barrels
Posted on 4/20/20 at 1:30 pm to UltimaParadox
I'm in...anyone have some property that they can store it at?
Posted on 4/20/20 at 1:32 pm to saints5021
I want to retire.
Seriously, How and where do i invest for the bounce back?
Seriously, How and where do i invest for the bounce back?
Posted on 4/20/20 at 1:33 pm to Covingtontiger77
UCO or OXY.
Posted on 4/20/20 at 1:34 pm to bhtigerfan
-$11.42 now.
Posted on 4/20/20 at 1:34 pm to saints5021
quote:
I'm in...anyone have some property that they can store it at?
Currently running to Walmart to get as many kiddy pools as I can buy. Where do I need to ship them?
Posted on 4/20/20 at 1:34 pm to hiltacular
WTI just closed at -$35.00 for May
This post was edited on 4/20/20 at 1:36 pm
Posted on 4/20/20 at 1:35 pm to MAUCKjersey1
God damnit
Posted on 4/20/20 at 1:36 pm to MAUCKjersey1
Shows daily low at -$14.39.
Edit: Just hit -$40.32
Edit: Just hit -$40.32
This post was edited on 4/20/20 at 1:40 pm
Posted on 4/20/20 at 1:36 pm to Covingtontiger77
LINK
quote:
Investors are being “fooled” by low oil prices, Commerzbank warned on Monday as WTI crude futures slumped to the lowest level since 1999.
quote:
It seems that many investors, even after all these years, have still failed to grasp that, unlike with stocks, it is not physical oil that they are buying but merely individual futures which then repeatedly (normally on a monthly basis) roll over. “Those investors who are betting on rising prices will not profit at all from the “increase” in the WTI price following the contract rollover on Wednesday because the subsequent June contract is trading at around [$22] per barrel.” The analysts said that institutional investors had also “allowed themselves to be fooled of late” by Opec’s decision earlier this month to cut production by 9.7 million barrels a day and by historically low prices, also increasing net long positions.
Posted on 4/20/20 at 1:36 pm to Ooh Wee Ooh
Posted on 4/20/20 at 1:36 pm to bhtigerfan
-28
Posted on 4/20/20 at 1:38 pm to 13SaintTiger
-35
Posted on 4/20/20 at 1:41 pm to saints5021
How long is crude oil good for? As in, if we buy some barrels, park them in a field, how long do we have until we have to sell them.
Posted on 4/20/20 at 1:42 pm to saints5021
Who’s in on the oil hoarding?
Posted on 4/20/20 at 1:42 pm to castorinho
That’s pretty good.
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