Oil trading less than $1, 90% Crash..

[CheGuevara]

Just now, Android_Halwa said:

-$3.70

Its 24 cents kada

[kr123]

Barrel is 21$

[soodhilodaaram]

17 minutes ago, Android_Halwa said:

oka drum oil,  one dollar kante takuva na...black gold kastha budidi ayyye ..

brahmam kaka epudo chepindu, qayamat aaney wali hain ani...

suggest us best option to capitalize this kaka, 500$ detoon, i need 500 barrels (500*160 litres = 8000 litres for 40,000 rupees)😁

[AndhraneedSCS]

As for why May has gone negative, consider that at this point, longs in the expiring contract will have to take delivery. That means they might have to transport the oil from wherever the supply is coming from, and then store it - all that costs money. Given an overwhelming unneeded supply of West Texas Intermediate out there, it's not beyond the realm that the price could drop to zero or go negative.

[AndhraneedSCS]

This means, USO and UCO has more chances of going down (assuming the economy wont open for a month)

[ring_master]

Just now, AndhraneedSCS said:

This means, USO and UCO has more chances of going down (assuming the economy wont open for a month)

So shorts ?

[r2d2]

Oh my Thaatha what an art of deal!!!

[AndhraneedSCS]

4 minutes ago, ring_master said:

So shorts ?

You have to time it perfectly. 

 

Meaning, get out at the right time. 

 

I would just wait for a few days and then buy USO or UCO at a better price.

 

I believe UCO will have a reverse split tomorrow 

 

 

[quickgun_murugun]

@Spartan chitti vuncle

Chevron
Exxon mobile stocks inka padthayantava??

[user789]

2 minutes ago, r2d2 said:

Oh my Thaatha what an art of deal!!!

End of drama.....Reality in next few weeks.

[xano917]

how to take advantage of this ? yem konali ?

never traded oil before.

oka $1000 koni padestha 

[Android_Halwa]

ipatiki US and China strategic reserves kuda full ayipoivuntayi...

some countries like china, india and japan are storing oil in tankers itself..

and spot market la ledu ledu anna oka 50 panamax size crude containers are ready to set sail or on the way to destination..

intha oil inventory clear ayi, malli regular demand ravalante time padtadi po...

[AndhraneedSCS]

1 minute ago, xano917 said:

how to take advantage of this ? yem konali ?

never traded oil before.

oka $1000 koni padestha 

Research on SCO (will increase if oil drops in price)and UCO (long oil)

[k2s]

Arey enti man idi? Petrol bunk lo gas free aa ippudu?

[AndhraneedSCS]

1 minute ago, Android_Halwa said:

ipatiki US and China strategic reserves kuda full ayipoivuntayi...

some countries like china, india and japan are storing oil in tankers itself..

and spot market la ledu ledu anna oka 50 panamax size crude containers are ready to set sail or on the way to destination..

intha oil inventory clear ayi, malli regular demand ravalante time padtadi po...

May be a couple of months or less once the economy opens up. This is under the assumption that they wont increase production in various countries to bankrupt US companies