Read on Twitter
I& #39;m no trader, but I think the question at this point becomes: which oil company has the shortest runway?
Seriously thinking a major oil company going under is what catalyzes another leg down.
Then again, this is just a random feeling from a markets noob.
Seriously thinking a major oil company going under is what catalyzes another leg down.
Then again, this is just a random feeling from a markets noob.
So what happens now?
Actual question, for people who know about oil, gas, and markets - why is the June futures contract still trading so much higher than current price and May, and why is that not an "easy trade"? Tapping in @Melt_Dem and @jillruthcarlson - have you covered futures on WGMG?
uh... https://twitter.com/TheStalwart/status/1252299298030698506?s=20">https://twitter.com/TheStalwa...
Anyone who can& #39;t take physical delivery HAS to sell. This makes more sense now. https://twitter.com/AriDavidPaul/status/1252297928598831106?s=20">https://twitter.com/AriDavidP...
Full-out run for the exits. https://twitter.com/NorthmanTrader/status/1252301379412131842?s=20">https://twitter.com/NorthmanT...
Well that was...interesting https://twitter.com/CNBCnow/status/1252304780464132101?s=20">https://twitter.com/CNBCnow/s...
Alright, last link, then calling it a day on this thread. This helped me better understand today& #39;s oil prices, and why they& #39;ll magically jump tomorrow. Stay tuned for next month when we& #39;ll likely still have greater oil supply than demand. https://www.barrons.com/articles/oil-turned-negative-may-contract-june-commodities-markets-storage-delivery-51587411176">https://www.barrons.com/articles/...
