Oil price crashed to 0

[BHarwana]

https://twitter.com/x/status/1252298451850801152

 

[Prince Kassad]

still at 22

 

[Baba_Yaga]

View attachment 625598

still at 22

That's probably the June or July contract. May contract is at almost $0.

 

[Blacklight]

My goodness @Blacklight @StormBreaker

Do you understand what it means to the entire refinery, petrochemical....and related industry...and all those future contracts... and tripple leveraging...

My dear God...this is War!

Production cost, $/bbl budget = the fittest of the fittest will survive = Bankruptcy = Mergers & Acquisitions.

 

[Suriya]

https://twitter.com/x/status/1252296049827426304

l

 

[xeuss]

This is the WTI May contract expiring today

 

[HAIDER]

best buy OXY , HAL, NBL and FANG.

 

[Blacklight]

@niaz Sirjee, Your comments...?

 

[Trango Towers]

looks like saudi and Russia did a number on the Yanks

 

[Suriya]

 

[Haris Ali2140]

Tankian bhara looo!!!!

 

[BHarwana]

Now only world war can save oil.

 

[Trango Towers]

what i dont get is why are people dancing here? this is very bad news all round

 

[HAIDER]

In rush Toyota launch RAV4 Prime. 90 mpg .. lol

 

[HAIDER]

what i dont get is why are people dancing here? this is very bad news all round

Good news for US consumer market.