Oil - WTI / Brent Crude

Long, short, Bitcoin, forex - Plenty of alternate market disuccsion.
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Euler
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-$14
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Euler
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Bottomed at -$37, remarkable.
Jukebox
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Euler wrote:
Mon Apr 20, 2020 7:53 pm
Bottomed at -$37, remarkable.
They really can't give it away.
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jimibt
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Jukebox wrote:
Mon Apr 20, 2020 8:32 pm
Euler wrote:
Mon Apr 20, 2020 7:53 pm
Bottomed at -$37, remarkable.
They really can't give it away.
definitely going to get lambasted for this, but i'm quite pleased to see all the artificial *benchmarks* for a civilised society going down the pan (the ftse, the dow and now oil). maybe we (or to be exact - the younger generation) can now look beyond these constructs that benefit a few at a cost to many.

i've always been of the opinion that any society is just a few turns away from a road that could be avoided - for those interested in some of the history of where we are now i recommend reading William Dalrymples latest book (The Anarchy: The Relentless Rise of the East India Company) : https://www.amazon.co.uk/dp/B07VPR8LS1/ ... TF8&btkr=1. it charts the course of said bunch of sociopaths and more or less leads one to conclude that this period is where it all started to rot...

anyway, purely my anachic opinion... your's may vary :D
Jukebox
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I wonder if any Somali pirates have just been told to "keep it"
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Euler
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Jukebox
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There'll be such a glut that when C19 calms down a bit we'll have to have some fake scientists warn of 'Global Cooling' to encourage us all to burn a bit more.
jamesg46
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A positive for me out of today is that its exposed the cogs of the commodity markets, so many people will just see it as falling oil prices but for some it offers an insight to what wasnt known about how they work.
jamesg46
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https://www.cnbc.com/2020/03/13/trump-a ... serve.html

Is this one of them "Art of the deal" story's? I do wonder how many oil producing states are Trump voting states.
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wearthefoxhat
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jamesg46 wrote:
Tue Apr 21, 2020 9:04 am
https://www.cnbc.com/2020/03/13/trump-a ... serve.html

Is this one of them "Art of the deal" story's? I do wonder how many oil producing states are Trump voting states.
Did he buy @ $33?.....
Jukebox
Posts: 1576
Joined: Thu Sep 06, 2012 8:07 pm

wearthefoxhat wrote:
Tue Apr 21, 2020 10:52 am
jamesg46 wrote:
Tue Apr 21, 2020 9:04 am
https://www.cnbc.com/2020/03/13/trump-a ... serve.html

Is this one of them "Art of the deal" story's? I do wonder how many oil producing states are Trump voting states.
Did he buy @ $33?.....
Topping up your tank might become a patriotic duty.
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jimibt
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Jukebox wrote:
Tue Apr 21, 2020 10:59 am
wearthefoxhat wrote:
Tue Apr 21, 2020 10:52 am
jamesg46 wrote:
Tue Apr 21, 2020 9:04 am
https://www.cnbc.com/2020/03/13/trump-a ... serve.html

Is this one of them "Art of the deal" story's? I do wonder how many oil producing states are Trump voting states.
Did he buy @ $33?.....
Topping up your tank might become a patriotic duty.
we've all got time on our hands. i recommend you watch this: https://www.youtube.com/watch?v=qxF_CDDJ0YI (Tony Schwartz: The Truth About Trump | Oxford Union Q&A)
Jukebox
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It should be retitled 'The Truth About Tony Schwartz'
jamesg46
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wearthefoxhat wrote:
Tue Apr 21, 2020 10:52 am
jamesg46 wrote:
Tue Apr 21, 2020 9:04 am
https://www.cnbc.com/2020/03/13/trump-a ... serve.html

Is this one of them "Art of the deal" story's? I do wonder how many oil producing states are Trump voting states.
Did he buy @ $33?.....
Somewhere around there, I dont remember exactly. So he filled the US stock pile to full with Saudi oil at around that price and then went on to pay people to take US oil. Am I thinking this through correctly? Basically the Saudis have just made around $80 a barrel?
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Euler
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June contracts getting pounded today
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