OIL IS NEGATIVE WTF

over supply forces sell-offs from suppliers or even paying consumers to take the oil as they have no means of storing it

It obviously means they pay you to receive oil

Explain this to me like i'm 5

or i'm going back to red-dit!

The contract for delivery in May is negative because everyone is full-up with little demand right now. The contracts for June and July delivery are still very positive. This is just a supply issue caused by overproduction.

Nobody would fill that order so it can go negative, oil does not move at the moment.

Tankers sitting everywhere full of the shit.

War

>go to oil pump
>hold down trigger with cable tie
>retire and let the money keep rolling in

Kek seriously, is it bad that I am kinda wondering the same thing?...

Probably storage costs driving it negative. Buyers want to be compensated for storing it

They're giving away oil because there is literally no storage for more barrels.

>Oil workers don't get paid for producing oil anymore
>Oil workers give you money if you take their oil for free

Only Trump could fuck up this badly

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I'm assuming because storing oil has a cost and people just want to get rid of it to stop paying for storage

>Do not pass Go
>Do not collect stonks
>Go directly to space

buckle up.

How do I profit off this with my trump buxs

it's may delivery oil
they have oil to sell and nowhere to store it
they will literally pay you to take the oil

if you look at june delivery prices it still costs money to buy

Yes because nobody should be that dumb but no because you're muttmerican.

Hot potato, motherfucker. Whoever holds the contract tomorrow will have to get that oil and store it somewhere.

Based if true.
It's still over a quid a litre at petrol stations here.

I filled up my tank over a month ago and am still 75% full.

It means there isn't anywhere to store the oil they pumped, so they have to pay motherfuckers to store it.

OIL MARKET IS GONE HAHAHAA

In capitalist America, gas is free and Americans also get a nice tip for stopping by.

does this mean that if I buy oil right now, they'll pay me?

If yes, why the fuck isn't everyone just buying oil?

>Eurotrash sense of humor
>Hurr America bad

It was a joke you Finngolian mutt chink.

Do you have the ability to store and distribute oil?

lmao Trumptards elected an elite to get back at the elites

That's like hiring a Pajeet to build a toilet

Because you have to pay for it to be stored somewhere, or transported somewhere.
And presently that's more expensive than the commodity itself.

Should have never abolished feudalism and tried to overcome your shitty human nature. Now enjoy your postmodern postapocalypse.

Is this China and the Juden crashing the petrodollar?
Or will this instead bankrupt Russia?

no one has anywhere to store it

just eat oil lmao

THIS DOESN'T SEEM GOOD OR NORMAL