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Global Stocks Drop as Turmoil Grips Oil MarketS&P 500 futures fell alongside international stocks, after U.S. crude-oil futures plunged below zero for the first time in the latest bout of market turbulence sparked by the global coronavirus pandemic. Damn, buying a barrel of oil is going to cut into my bubblegum money. what's up with the guy in the eyepatch 🤨 I’d love to discuss the fundamentals of this. Most out of ground is sold and hedged. The responsible ones I’ve heard at $58
Source: WSJ - 🏆 98. / 63 Read more »
Global Stocks Drop as Oil Market ShuddersU.S. stock futures slid amid a chaotic rout in oil markets in the latest bout of turbulence sparked by the coronavirus pandemic. Just to note: Saudi running deficits now, Norway huge deficit, US defaults will explode. This is not normal. And like in 2008 when I always highlighted risk of banks.This time there are other things to watch. But equities always slow to react.This will lead to global consequences Who has benefited? What's next! War? What is the futures oil price 3 months out? All will be OK.
Source: WSJ - 🏆 98. / 63 Read more »