Where the fuck do I buy USOIL?
I'm not seeing it on Robinhood or M1 Finance
Where the fuck do I buy USOIL?
Wyatt Cook
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Nicholas Allen
>He doesn’t know
Tough luck. user. I already picked up 100k shares. Can’t wait to be rich.
Nathaniel Moore
You can't buy it directly on Robinhood. You can indirectly invest in it by buying ETFs like USO or buying individual companies like XOM
Charles Green
Yeah, but I see USOIL for 1cent. How do I get that?
Parker Bennett
USO?
Oliver Flores
IF OIL IS DEFINITELY GOING TO GO BACK UP WHY DOESNT EVERYONE BUY OIL RIGHT NOW??????
Kevin Carter
whatever you do don't buy an oil etf and try to make money from this drop. THE FUTURE CONTRACTS ROLL OVER TOMORROW
Wyatt Campbell
Im sorry, this is a crypto board.
Leo Anderson
NEGATIVE TEN DOLLARS A BARREL
Noah Gray
No places to store them sweaty
Jordan Lee
we short june next or?
Wyatt Walker
loaded up my options on RH a few hours ago. I was way up for a min but it seems to have died back down
Henry Young
STORE IT AT MY HOUSE
Samuel Hughes
>THE FUTURE CONTRACTS ROLL OVER TOMORROW
The fuck does that mean? Speak ENGLISH!
Isaac Long
you have a tanker? then by all means buy contracts
Jose Smith
YOU HEARD THE MAN SPEAK ENGLISH!!!!!!!!!
Owen Anderson
So wait till tomorrow? What time do I buy OIL calls for Jan 2021?
Josiah Rodriguez
Don't, it hasn't bottomed out.
Dylan Diaz
It's 1 cents. How do you bottom below 1 cent?
Jose Thompson
Guys I don't see it on webull either. How tf do I buy?
Grayson Young
HOW THE FUCK DO I BUY???
Eli Young
You have to go long oil, buying g it doesn't work, go long oil
Landon Hill
Just buy oil, how hard is it to understand
Lincoln Cooper
everyone wants to buy at the absolute bottom to maximize gains...not realizing that THIS IS THE BOTTOM, BUY!!!!!!!!!!!!!!
Samuel Hernandez
It's a contract that expires in 2 days retard. If you want to buy the next contract it's at $20 right now.
Robert Murphy
how the fuck do i buy it from europe?
Julian Russell
I'm an oil brainlet, thanks for explaining fren.
Parker Lee
Thanks for explaining this.
Ryder Fisher
they dont ring a bell, bro
Zachary Phillips
You're too stupid, stupid.
Hunter Hughes
please explain how this works
im not even planning on buying, just curious
Mason Peterson
shouldnt you short next month's contract given what has transpired today?
Jace Stewart
Not stupid, I just didn't have some information.
kys
Levi Reed
Yes.
Lucas Johnson
oil is priced in monthly future contracts. buying a contract means you're actually buying future production in oil. these contracts are frequently traded back and forth by people who have no intention of actually buying physical oil. these contracts all have an expiration date, at which point the holder needs to actually settle the contract. the drop in price you are seeing is for the WTI May futures contracts, which expires tomorrow. the reason for the massive drop is that nobody actually wants to take delivery of oil, because of a lack of storage. the market is in a super contango situation where the front month is heavily discounted because of this lack of storage
Julian Peterson
There are no direct stocks. There is a surplus of crude oil because opec and cyka blyats didn't reach a production agreement.
You have to physically buy the oil and store it. Then it on you to move or sell it be it by refining the oil into physical goods. Unless you have the storage or manufacturing capability crude oil prices means litteraly fucking nothing to you.
That's why it's more expensive to stop drilling fpr crude oil over just continuing to drill.
Take a breather you tards. Your dopamine receptors have been fried from the overuse of trading internet play money.