Oil price is collapsing lmao

[Glass]

https://twitter.com/x/status/1252287579447332871

 

[HannibalBarca]

WTI May contract is ending ...
June is at $22ish

 

[Prince Kassad]

https://twitter.com/x/status/1252287537353293824

To trade / actually buy/invest crude, its $22

 

[rambro]

Petrol price here has been as low as what it was 15-20 years ago.
As a consumer, i have no complaints.

 

[Glass]

WTI May contract is ending ...
June is at $22ish

To trade / actually buy/invest crude, its $22

it is at 22$ but it also goes negative

https://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude.html

 

[powastick]

Next regime change would be Saudi Arabia.

 

[Glass]

https://twitter.com/x/status/1252289286789095426

 

[jamal18]

Maybe they'll pay you to take their oil

I believe it is not easy to reduce oil production from below a certain point.

 

[Glass]

the rate for june is now 21$ lets see

 

[pak-marine]

Asking the pros whats the difference wti crude and brent oil why brent is 27 usd and wti crude is 2 usd why so much difference?

 

[OldenWisdom...قول بزرگ]

Something indeed seems to be up... perhaps a big play behind the scenes. Oil at these prices will shutter even big players... it does put more power in the hands of creditors. Let's see how long this pans out and what the fallout is...

 

[Prince Kassad]

Asking the pros whats the difference wti crude and brent oil why brent is 27 usd and wti crude is 2 usd why so much difference?

Most April contracts expiring today. Expect may/june contracts to be above 20.

Brent oil is more refined cleaner oil, mainly the west uses brent. Third world countries use mainly wti.

 

[Trango Towers]

Been as low as .90
What the peep is going on

 

[Baba_Yaga]

it will converge to $2 physical price tomorrow.

Hope American oil gets completely destroyed.

The Russians and Saudis need to keep it up.

Russian and Saudi economies rely 70-80% on Oil. American economy doesn't even rely 5% on oil. America, the largest oil consumer in the world is going to be the biggest benefactor of low oil. For the 95% companies in the US that do not rely on oil, this is like a dream come true.

 

[Glass]

Most April contracts expiring today. Expect may/june contracts to be above 20.

Brent oil is more refined cleaner oil, mainly the west uses brent. Third world countries use mainly wti.

ur june is already trading at 20$

https://twitter.com/x/status/1252304805525172224