OIL IS TRADING AT -$10/BARREL

It means they don’t even have room to store any more oil, let alone sell it.

Go on...

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Not taking advice from boomers on pol

Free oil now, whats next, free milk? Hear they are already dumping their milk production out.

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bro i really don't think this is in globohomo's best interests

it is destabilizing, if the natural resource that runs the world is essentially now being traded at a negative price, means nobody will buy each others oil, other than to store it for a fee. Did I do a well you faggots?

>-$12

we're just a couple oil men in from Dallas and well, heh, we're itching like a hound to give you ah somethin' you want

ok ok, convinced!!! Im buying 10000 barrels so where's my 760000 bucks? who's paying?

It is a message to Russia.

if I had to guess. Producers want to maintain buyers even if they have to give the oil away. If producers don't go negative with other producers then nobody will buy from them anymore.

WTI -$11.60 A BARREL
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This only serves globohomo if it kills domestic US production and it never starts up again even when prices go back up but nobody can stop it from starting backup unless dems take power and ban drilling like idiots

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6/10. Sounds like you are assuming.

And they're literally paying you to take it. What's the problem?

Fuckin' lel
This. Negative oil futures does not make economic sense, and was only a theory up until a few minutes ago. Basically:
>Another Black Swan

Watch for a subtle yet public announcement from Vladimir Putin.

AHHHHHHHH THIS IS HOW IT STARTS EVERYTHING IS SHIPPED WITH OIL AND WERE ABOUT TO STOP ALL PRODUCTION

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how the fuck can you buy oil you retard? it's not digital stocks you know

Guys. Should I buy some canned meat and fish right now?

THIS
I really need those 760k rn

Just poor it down the drain and gib me the moneys

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Didn't drumpfto make a """deal""" with the saudis? The art of the deal? Anything he touches turns to shit.

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I bought last week and now I'm running out of room to store the barrels

Why is Yas Forums not stockpiling oil right now? They're literally giving it away.

buy oil

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Buy some fresh canned oil fren

Milk would be free many times if not for government intervention. You can't ramp up milk production out of nowhere because you need cows, and you can't pause production because cows have to be milked
Milk industry is very wild, and would have a very hard time surviving fluctuations if not for price controls and subsidies

Nobody is selling tho.