The
is showing no signs of easing, as the coronavirus crisis saps demand and producers run out of places to store all their excess barrels of crude., falling below $0 Monday to $-37.63 a barrel. That's the lowest level since NYMEX opened oil futures trading in 1983. The selloff can be attributed in part to market mechanics. The May futures contract for West Texas Intermediate, the US benchmark, is about to expire. Most investors are already focusing on the June contract, thinning out trading volume and feeding volatility, UBS analyst Giovanni Staunovo said.
The June futures contract for WTI is trading around $22 per barrel, but that's still sharply lower on the day. Brent crude futures, the global benchmark, fell 8% Monday to $25.81 per barrel. The extreme pressure on the WTI contract for May highlights ongoing concerns about the supply and demand dynamics plaguing the oil market.
Fake News.Haba!
Time to buy....
LaceyVoteDem It was just a matter of time.
Stop watching the stocks the Chinese knew you would be doing that, we are very predictable. Who do you think are telling Americans to go to back to work. Not the Russians. The senate is full of Chinese spies. Americans love money 💰 easily bribed. Hence Chaos.
The officials and staff of the Wuhan Virus Research Institute often sell wild animals for high prices to the South China Seafood Market, and then the officials share money from it . Then animals with virus was sold to the South China seafood market for sale
The Wuhan Virus Research Institute is studying a virus and takes this opportunity to get wildlife from officials of Chinese Communist Party for conducting virus tests, and the management of the Wuhan Virus Research Institute is very chaotic
The owner of the seafood market often sends money and various gifts to the former Wuhan municipal government and provincial government officials to help and cover up illegal selling wildlife
many wild animals in the South China Seafood Market are obtained from officials of Chinese Communist Party and businessmen
so the Communist Party of China still shield it even if it causes countless deaths and injuries to the Chinese people and people around the world. Officials from all over China often collude with businessmen to do Illegal wildlife trading and sales, they share loots
reveal how the Wuhan Virus Research Institute caused and led to COVID-19: The Wuhan Virus Research Institute belongs to an official research institute of the Communist Party of China
All this oil talk makes me wonder, if you like explode 1 dynamite near the oil on those oil mines, would the whole thing instantly explode or slowly burn down?
Yaaaawn.
I bought 151 shares and woke up with 6. How is that legal
CNN prayer ... Pls God destroy the US so we can blame Trump
Don’t be surprised if Trump goes to extraordinary lengths to try to prop up the stock market, regardless of whether it is best for the health of all Americans
Trump wants to pump money into oil industry to rescue workers while not doing enough for the thousands in bread lines.
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