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Oil $12.51 Oil $12.51
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A Man of Wealth and Taste
 
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Oil $12.51
They ran ota places to put it...i dont give a fk what you or anybody says this is a Depression.

Old 04-20-2020, 04:48 AM
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i dont give a fk what you or anybody says ...
What else is new.
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Old 04-20-2020, 04:49 AM
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Touché!

See?, we can agree on some things...
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Old 04-20-2020, 04:51 AM
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I just checked the Fidelity site...oil is 22+ and seems to be updating.

Whatcha looking at Tabs?
Old 04-20-2020, 04:59 AM
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A Man of Wealth and Taste
 
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Originally Posted by KC911 View Post
I just checked the Fidelity site...oil is 22+ and seems to be updating.

Whatcha looking at Tabs?
Cnbc..market averages..

Now it is 11.25.

Your azzes are gona sizzle like bacon in a hot pan..
..
Last edited by tabs; 04-20-2020 at 05:05 AM..
Old 04-20-2020, 05:01 AM
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Well then....I'm not gonna look there .

Thanks...
Old 04-20-2020, 05:07 AM
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A Man of Wealth and Taste
 
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What else is new.
The truth be served. I dont bend nor sway from the truth. I have suffered your slings and arrows and never did i flinch from the onslaught. It is called having faith in your convictions . While others have shut up and gone home i have stayed the course. I have continued to serve the truth.
Old 04-20-2020, 05:15 AM
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OK...I looked. That price is for WTI May contracts which expire tomorrow. The June WTI contracts are 22+.

Caddywhompus....yep.
Old 04-20-2020, 05:31 AM
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Holy Krap!
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Old 04-20-2020, 05:33 AM
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Quote:
Originally Posted by tabs View Post
The truth be served. I dont bend nor sway from the truth. I have suffered your slings and arrows and never did i flinch from the onslaught. It is called having faith in your convictions . While others have shut up and gone home i have stayed the course. I have continued to serve the truth.
Gloating over a Depression. Nice form.
Old 04-20-2020, 06:25 AM
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Better get her gassed up, Tabs!
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Old 04-20-2020, 07:27 AM
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Cheaper oil -> cheaper naptha -> cheaper feedstock -> cheaper plastic pellets -> cheaper items from China -> Chinese economy recovers

See, Nature fixes itself!
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Old 04-20-2020, 08:16 AM
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Cindy watching fox biz news as I type. Came in here and said "Oil is under $9 a barrel"....

Hmmmm.
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Old 04-20-2020, 09:26 AM
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Slip slidin' away
$7.78...bounces around..back to $8.25
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent."
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Old 04-20-2020, 09:32 AM
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Nope...22.75 right now.

Nobody passes up a good "hype story" tho' .
Old 04-20-2020, 09:32 AM
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$7.78...bounces around..back to $8.25
Only WTI May contracts that expire tomorrow....VERY misleading imo.
Old 04-20-2020, 09:34 AM
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So you think the June Contracts price will be???? Doesn't this mean that right now oil sells for around $8 per barrel? Tell us more, okay?

Say I owned a refinery, and I wanted crude..right now, today. What would I pay?
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent."
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Old 04-20-2020, 09:39 AM
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Quote:
Originally Posted by pwd72s View Post
So you think the June Contracts price will be???? Doesn't this mean that right now oil sells for around $8 per barrel? Tell us more, okay?

Say I owned a refinery, and I wanted crude..right now, today. What would I pay?
If you wanted oil for May delivery, you'd pay 2.75 (px as I'm typing this). For June delivery the price is 22 and change. Basically, storage is becoming full due to lack of demand, so people are having issues taking delivery because they have no place to put it. The px is higher for June because of optimism that demand will increase by then and there will be more available storage.

UPDATE: Now 1.25 for May. In theory could go negative.
UPDATE2: Now NEGATIVE 37.63 for the May contracts. Truly wild stuff.
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Last edited by Paul T; 04-20-2020 at 11:39 AM..
Old 04-20-2020, 10:39 AM
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Storage is maxed for WTI (landlocked)...May contracts. June is 22+, world-wide add another 5.

Are things messed up...yep.

Still a headline "news" hype imo.

I know nothing about this stuff....just read a bit on the CNBC site this morning
Old 04-20-2020, 11:02 AM
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Originally Posted by KC911 View Post
Storage is maxed for WTI (landlocked)...May contracts. June is 22+, world-wide add another 5.

Are things messed up...yep.

Still a headline "news" hype imo.

I know nothing about this stuff....just read a bit on the CNBC site this morning
I agree, kind of a misleading headline, but historically noteworthy nonetheless. May contracts just traded negative - that's a first.

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Old 04-20-2020, 11:13 AM
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