What does negative price for oil mean?
Does the oil supplier pay me to take a barrel? because he has nowhere to put it?
help a brainlet
What does negative price for oil mean?
Logan Rodriguez
Hudson White
You're going to be sucking dicks for sandwiches.
Landon Myers
answer the question
Christopher Lewis
Yes they will literally pay you to take delivery of oil. The problem is you have to actually store that shit.
Jaxson Cook
it means that storage cost outweigh the actual commodity cost. In a sense they pay you to take it, but you still got pay charges anyways.
Blake Johnson
its just a nothingburger
Brody Perry
Lose the meme flag.
Jackson Brooks
Basically if you can rent a fleet of trucks to pick up a shit ton of oil from a select site they'll pay you to take it. But then oil's expensive and dangerous to store and nobody will buy it for a long ass time so good luck with that.
Adrian James
F R E E O I L N I G G A
Nolan Davis
Thanks
No