Oil set to CRATER on Monday

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buy the rumor sell the news
this is clearly overblown

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wanting to know this too.

final one

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Are the oil companies going to be able to spin this into everything looking up for the perceivable future at the earnings meetings in a couple of weeks or will those pleas to pump the stock going to fall on deaf ears?

world war 3 when

N E G A T I V E
O
I
L

just buy oil stonks

Buying USO leaps if it goes below 4.50 again. I don’t trust it before 2022 but those calls are cheap as hell.

I bought some USO puts last week, oil kept pumping. Was about getting ready to slam my desk. This is somewhat good news for me. Still bullish on long term oil tho

I want it to happen but knowing this clown market it is going to up on hoppium.

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Why worry?
Cheap oil is good.

Could this break up OPEC? I realize Saudi Arabia pretty much controls the entire thing but other countries like Iran and Venezuela that are much friendlier with Russia than the Saudis have got to be really hurting right now.

Not for American producers and not if this causes a war.

Just buy while its cheap and stock up on it.
You can control the price and safeguard your precious american producers

Invest in the USO - United States Oil Fund ETF
It track to price of crude oil.

So... Moon or dump?

WTF I just bought gas. I buy the top even on everyday purchases.

youtube.com/watch?v=lMs9rWa5pmA

Is there an inverse of this?

If you didn't have your puts in by closing last Friday, you're not getting in on this one. Play the week, though. Oil will "crater", but the meeting still might go on for Thursday, and people might buy throughout Tues and Wed, allowing for smaller plays that can add up if managed correctly.

Don't listen to this mongoloid. USO has contango and will fuck you over the longer you hold it. Invest in an energy or oil index fund.

>Invest in an energy or oil index fund

Except any oil based fund that uses futures will also have contango issues. Pretty much every oil-related fund/ETF rolls over futures monthly and that's where contango gets you.

Really the only way to speculate on oil over longer periods without contango is to buy futures.

I'm saying to not invest in anything that relies on futures contracts and to instead invest in companies that refine and produce oil. you'll pay less in taxes, earn dividends and will be bailed out by the government if things really go bad.

NOOOOOOOOOOO OILBROS THEY WERE SUPPOSED TO SAVE AMERICA NOOOOOOOOOOOOOO

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retards who think OIL will crash much further than it already has. People are fucking stupid.

>Trump threatening to end protection of KSA

That's pretty fucking based. I didn't expect him to have the balls to say that.

Going to $0 is not happening. But neither was the 33% recovery based on a Trump tweet. If you didn't take your gains by Friday morning they are gone now.
In credit to Yas Forums, pretty much everyone here sniffed out the pump and unloaded at Thursday highs, or didn't get in suckered in at all.

Canadian oil was at like 4$. No deal in the next week and it will probably happen, given the lower demand

THINK OF THE POOR SHALE INDUSTRY WORKERS

I did. Thank god.

Time to buy some more long term BNO calls tomorrow morning though during the dump

USO in iD ? Wtf

Impossible to have negative oil?

>Suspension of US military aid to Saudi Arabia
Good.

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Both. It will dump at the open then Trump will tweet some shit about tarriffs around 11-11.30am and it will moon. Then dump slightly on news about the meeting being pushed back till Thursday. Steady for the next 2 days then moon on Thursday when they announce a cut in production. Then dump again on Friday when everyone realizes it doesn't mean shit because demand is down and there are now massive surpluses.

Yes this is how retarded the markets really are and it's an easy 10-20% made both ways over the next few days. I'm capping this so I can gloat later.

So you're saying I should short oil Monday morning and buy more shares in Shell?

No sense in buying long calls honestly. Just buy and hold.

Just wait until China sccuses the US of printing too much money and making their holdings of our debt worthless, so they dump everything onto the market, crash our economy and start an aggressive expansionist project while we're busy with our civil unrest.

why are they doing this? who benefits? corona obviously poses no real threat, so why? do saudis, russians and genie oil jews not like money?

The US shale industry is extremely fragile, trough this they have an opportunity to completely rid of it as a competitor and make the US reliant on them again

Yes there Will be a drop probably, and then it Will go Up again

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We have been told for decades there will be resource wars. Water wars and the like. But now we have plenty of supply. So is it a war to increase the demand for oil? Government can just buy oil instead of going to war.

highly based.
Saudi implodes. The US implodes.
Eurasia goes back to the way it was in the bronze age. A world island controlled by China, Russia, India, and Iran. The west is due for another mass-raping, the Aryans are awakening.

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US can buy 150 million barrels of oil right now for the strategic reserve.

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Interesting article from an "insider" optimistic a deal will happen and how it could happen:
barrons.com/articles/how-an-unprecedented-global-oil-deal-could-happen-soon-51585939356

I really hope my MTDR survives this kek. They've been doing just as well as the bigger companies and have alot more to gain back if everything goes well.

So basically this guy is saying that US oil companies will be dealing with the Saudis and the Russians directly?

>will be bailed out by the government if things really go bad.

I think investors get fucked if an oil company accepts a bail out.

Isn't that the terms of most bailouts they usually have to cut dividend for a certain period and stop share buy backs.

It effectively has. Iraq is shacking up to China now as well.