WHAT IS HAPPENING???
$4 OIL
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You best start believing in global depressions. You're in one.
>WHAT IS HAPPENING???
everybody's buying up supplies for the war starting on july 21, 2020.
FOOKING ELL
CORNS DOWN TWO PERCENT
HOW WILL WE EVER FINANCIALLY RECOVER
Holy Fuck, at that price we should be buying it off the ragheads and storing it in our near empty oil fields.
2.99 IT JUST WENT BELOW 3 NIGGERS WHAT THE FUUUUCK IS THIS
It’s called contango dumbass stop talking like you know what’s going on and stick to blacked porn
Supply is greatly exceeding demand and available storage.
loading up on options with a strike date a year or so out
Why store it when we're already sitting on it waiting to be drilled?
Saudis increased oil production and cut prices when the global economy shut down. Why would they do such a thing? Why did we allow China to become a superpower at our expense in the first place? Why have we spent over 700 billion dollars a year on our military? Why did we shut everything down over a hoax virus?
WHY
>WHY
WHY
>WHY
>WHAT IS HAPPENING?
I'm going to make a crapton of money trading oil ETFs.
I’ve seen July 2020 like 5 times now as a date of apocalypse/reconing/war. How do you know?
Jews
Isn’t this for expiring May contracts though? June contracts are still above 20
here is some music to relax guys.
The prices will go up again.
How to take physical possession?
Reindependance Day 2020
>we
We have no say in what the government does. We are slaves.
It's okay now there's just going to be a "mysterious" fire in an oil field in the middle east and the price will shot back up.
THOSE DARN ISIS
Where you getting this data? It still says $20 where I'm looking
The real redpill is that after the fall of the USSR there was no legitimate rival to the US. So the Jews made themselves a Chinese golem. COVID-19 is the false flag to rule them all, China is already being blamed for it, this will start WWIII. There will not be a winner of this war and the US will be completely destroyed. US dollar will collapse due to cheap oil no one wants, inflation due to money printer, and staggering debt. We will have a famine soon as everything available now is surplus.
Reopening is a meme.
what is the difference between Brent and WTI, why so big current price difference? how much oil is this actually? a full 160 liter oil barrel under 3 usd?
Brent is British oil. WTI is West Texas standard, Brent is North Sea. Brent has different applications which generally give it a higher market value.
Because we can't drill it anywhere near that cheap.
Don't you have a back to work protest to attend?
so, can I get a full 160 liter WTI oil barrel for 2,75 usd as it stands now? how do I get it, will they charge for barrrel and delivery too?
WTIC vs Brent, dumbass
Until fuel sales pick up, there are no places left to store new fuel. So pumping has to stop / slow dramatically. I'm thinking temporary and not a huge deal. Maybe Trump will top off all our domestic emergency supplies at pennies on the dollar.
Brent and WTI are basically the same product and don’t need much refining to make gasoline. The transport costs for WTI are higher so it’s value is a bit less than Brent which arrives straight to the refinery from pipelines in the North Sea.
I thought Putin and the arabs had kissed and made up? Shouldn't the price of oil be going up not down?
>if only we could convert it all into napalm and flame thrower fuel and burn all jews to death...
Nebraska is crying
>We are slaves.
We were slaves.
>fixed
>WHAT IS HAPPENING???
We are destroying Saudi and Russian oil companies. This is how you defeat the spread of Islam. This is a Joint Operation by both China and the USA to cripple the only two influential islamic states and the main source of funding for islamic fundamentalism. China will invade and occupy Iran, and the US will do the same with Saudi Arabia.
It’s going to take a couple of months as there is a glut and with the Coronavirus no market for the stored oil.
ok, but is this really the price of 160 liter of oil now?