Who else bought .01?

titanium support at 1 cent lmao

just turn on the faucet in your sink and put a glass under it and you'll be collecting a more valuable resource

topkek

kek

This kills the globalist gangsters

holy shit my belly hurts

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BITCONNEEEEEEEEEEEEEEEEEEEEEEEECT

feels surreal, i'm witnessing some historical crashes. meanwhile i'm unaware of what's happening 2008

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NOOOOOOOOO YOU CAN'T JUST BUY AT 0.01 FOR A GUARANTEED PROFIT

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>Negative
LMFAOOOO

How many tanker trucks do you own? Enjoy getting to take delivery of your purchase

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IT ALL COMES TUMBLING DOWN TUMBLING DOWN TUMBLING DOOOOOOOOOOWWWWWWNNNNNNN

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Unironically how the fuck do I long this? I only see this chart on tradingview, all the CFD brokers and online trading platforms have oil at about $20.

it can go to 0.01
and then go to 0.001

(((online trading platforms)))

I don’t understand what this means

It's okay, gas will be negative too so they'll pay the delivery guys to use it.

it can crash below 0.01 you fucking maggot

It’s already negative in some cases.

I actually thought I was still on twitch chat for a second.

Oil storage is no more despite what they say.

it's just dead at 1 cent wtf

my glass of water won't be worth 500000% of its current value in 2 years

If it never goes up again society has finished and your digital money is worthless anyway

Closed my short from .27. Well, gentlemen. I just made the easiest $372 of my life.

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Where the fuck do I buy on robin

Would now be a smart time to buy oil shares?

>20
those are june contract, the one crashing are may's(since all stock are full, they don't have where to store it) , if you going trade learn a thing or two

sorry user you had to be priced in already

>he doesn't know

Can anyone explain WHY this is happening though
Don't just say corona or some saudi oil deal or some shit, 99.95% down is more than that, what the fuck happened

Literally buy ventilators. It will be your ticket into the subterranean mega-city near you.

doesn't matter jews will just revert the price back to 20$ a barrel anyways with their printing

Dont lie to me you nigger! It's time to buy blood in the streets

corona or some saudi oil deal or some shit

demand is down, supply is up, and the storage facilities are full.

those contract expire next month and no one has where to store oil

tl;dr all this oil and no place to put it

Oil war to fuck over russia/China and the US some shit

HAHAHAHAHAHAH
OH NO NO NO NO NO

HAHAHAHAHAHAHHAHAHAHAHA!!!

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Russia and SA will soon announce complete halting of oil production.

Screencap this.

>doesnt know about the oil asteroid mining
Ngmi

>Gauranteed
Bankruptcy is a real thing.

I bought 100k and they payed me $300k

How the fuck do I make money off this. I literally am signing up for a stock service right now.

please i dont want to wage

What do I buy RIGHT NOW for when the rebound happens

Where are you going to put it user?

tard

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>when
never

this isn't the golden opportunity you hope it is.
save your money.

I just read the 0$ just refer to WTI crude oil May futures. The trading for these May futures ends tomorrow. Storage is running out so speculators have to get rid of the futures they bought right now or they receive oil without knowing where to store it. That's why the price is now at zero. The WTI crude oil futures for June are still at 22 dollars.

how is that even real XDDDDDDDDDD

i will build a new world trade center out of barrels in my backyard

>panicking over negative Oil prices
I wouldn't worry about it

How the fuck does that even work in a market, you get paid if you buy the bags or some shit?

80% of the people in this thread don't even know what the fuck this is or that it concerns future contracts.

If I buy oil shares right now they literally have to credit me. How the fuck could this not be a good opportunity? I could buy a million shares and when they go back to $2 be a multimillionare

So where are they going to put all the oil for the next month? Demand is depressed and supply is basically constant. You can't exactly miracle more tankers out of thin air.

These are not shares.

the whole thing with selling oil is a continuous process. to make things simple, just imagine that they literally cant stop to pump oil for technical and economic reasons. due to corona, nobody buys shit, so demand is down massively. a problem arises: what to do with all this ENORMOUS amounts of oil? storing that shit is very difficult and expensive.

explain then

Fine I will just tell them I want to buy a hundred billion barrels of oil. They have to credit me with the transaction and then I can just donate them to some poor country.

we short june next or?

I just like fueling the fire.

unfanthomly based

You do have to physically own the oil. You need a swimming pool.

>yfw it's -$14

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it's just a price, if oil producer don't want to sell at -7$, they won't sell anything and you won't have anything to buy.

>he thought $0 was the lowest it could go
>it's already $-10 and dropping

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NEGATIVE 35
NEGATIVE 35