|From: mykD (Rep: 15) reply to wilkste||Date: 03/31/2020 17:26|
|Forum: Ipath Oil Return - Msg #10585||Thread #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!
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