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Started By
Message
re: Update, May crude oil futures now down to under $12
Posted on 4/20/20 at 2:19 pm to fallguy_1978
Posted on 4/20/20 at 2:19 pm to fallguy_1978
I filled up my truck yesterday at .98 per gallon. By Wednesday I'm going to feel like I got ripped off.
0
Posted on 4/20/20 at 2:20 pm to castorinho
Thought I saw it negative earlier today
ETA it was just not to the extent WTI was at
ETA it was just not to the extent WTI was at
This post was edited on 4/20/20 at 2:22 pm
Posted on 4/20/20 at 2:25 pm to LSUlefty
Brent is more of a seaborne crude where WTI is landlocked and hard to move currently as the pricing suggests.
Posted on 4/20/20 at 2:34 pm to TigerDog83
Gotcha
Posted on 4/20/20 at 3:04 pm to TigerDog83
quote:
Brent is more of a seaborne crude where WTI is landlocked and hard to move currently as the pricing suggests.
No where to store it. Can't put it in a vessel or anything.
All about that Cushing delivery point.
USO owns like 33% of all contracts, don't think they have any storage. When someone like that rolls a position and everyone else has to because they can't store it anywhere, you get this situation.
This post was edited on 4/20/20 at 3:11 pm
Posted on 4/20/20 at 3:16 pm to Tonio
If the price gets any lower, Exxon is going to have to lay off a few Senators.
Posted on 4/20/20 at 3:16 pm to Tonio
Yikes
Posted on 4/20/20 at 3:17 pm to RockChalkTiger
You have no idea what you are talking about. Go away
Posted on 4/20/20 at 3:21 pm to Klark Kent
How about you give me $30 to let you fill up my truck?
Posted on 4/20/20 at 3:21 pm to Klark Kent
quote:
You have no idea what you are talking about. Go away
idk he sounds pretty on-the-ball to me
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