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Forum - Ipath Oil Return - OIL   

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From: mykD (Rep: 15) reply to wilksteDate: 03/31/2020 17:26
Forum: Ipath Oil Return - Msg #10585Thread #674138808 (Rec: 0)
Negative pricing. See below...Re: OIL WAR is on Saudis start flooding mkt tmrw with maximum capacity 12Mbpd > h...

From World Oil:
"While key global benchmarks Brent and WTI were trading on the futures market in the $20s on 27 March, West Texas Light at Midland sold for $9.40/bbl on the physical market. And Canadian heavy crude oil sold for less than $6/bbl. IHS Markit projects Brent prices to fall to around $10/bbl in April. Some producers may experience “negative prices” where they pay a buyer to take their crude oil."



...and I'm about to get money!


Reply to wilkste - Msg #2830383 - 03/31/2020 17:04

OIL WAR is on Saudis start flooding mkt tmrw with maximum capacity 12Mbpd > https://money.usnews.com/investing/news/articles/2020-03-31/us-saudi-oil-alliance-idea-born-at-white-house-put-on-back-burner-for-now


Re: no surprise MASSIVE BUILD in OIL storage Oil down on #'s aftr hrs > https://w...
What would you like to do? Message: Endorse | Bookmark | Report AbuseUser mykD: Reward | Watch | IgnoreOIL: Ignore

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