Started By
Message

re: Update, May crude oil futures now down to under $12

Posted on 4/20/20 at 2:19 pm to
Posted by Sus-Scrofa
Member since Feb 2013
11025 posts
Posted on 4/20/20 at 2:19 pm to
I filled up my truck yesterday at .98 per gallon. By Wednesday I'm going to feel like I got ripped off.
Posted by ShaneTheLegLechler
Member since Dec 2011
63392 posts
Posted on 4/20/20 at 2:20 pm to
Thought I saw it negative earlier today

ETA it was just not to the extent WTI was at
This post was edited on 4/20/20 at 2:22 pm
Posted by TigerDog83
Member since Oct 2005
8849 posts
Posted on 4/20/20 at 2:25 pm to
Brent is more of a seaborne crude where WTI is landlocked and hard to move currently as the pricing suggests.
Posted by LSUlefty
Youngsville, LA
Member since Dec 2007
28518 posts
Posted on 4/20/20 at 2:34 pm to
Gotcha
Posted by STLhog
Dallas, TX
Member since Jan 2015
19446 posts
Posted on 4/20/20 at 3:04 pm to
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 by RockChalkTiger
A Little Bit South of Saskatoon
Member since May 2009
11116 posts
Posted on 4/20/20 at 3:16 pm to
If the price gets any lower, Exxon is going to have to lay off a few Senators.
Posted by RLDSC FAN
Rancho Cucamonga, CA
Member since Nov 2008
60069 posts
Posted on 4/20/20 at 3:16 pm to
Yikes
Posted by Klark Kent
Houston via BR
Member since Jan 2008
74783 posts
Posted on 4/20/20 at 3:17 pm to
You have no idea what you are talking about. Go away
Posted by RockChalkTiger
A Little Bit South of Saskatoon
Member since May 2009
11116 posts
Posted on 4/20/20 at 3:21 pm to
How about you give me $30 to let you fill up my truck?
Posted by geauxjuice
t(-.-t)
Member since Jan 2007
4417 posts
Posted on 4/20/20 at 3:21 pm to
quote:

You have no idea what you are talking about. Go away


idk he sounds pretty on-the-ball to me
Page 1 2 3 4 5 6 7 8 9
Jump to page
first pageprev pagePage 9 of 9Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on X, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookXInstagram