Crude oil

[shintoooo]

 

[QC22]

$4.04 Is that the bottom?

 

[shintoooo]

$4.04 Is that the bottom?

Maybe $4.20

 

[Boat 405]

4.12.....

 

[nameisbond]

At $4.49...………………….. I'm happy, I've been short oil.

 

[shintoooo]

I bought 100 contracts of this

 

[Blackmagic94]

1.58 in tucson last week. Should drop more this week.

 

[was thatguy]

Did crude oil just go below the price of bottled water?


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A Bbl is 42 gallons. An average gallon of water at the store is a dollar to a dollar fifty.
At one dollar a gallon, a bbl of water is $42

Water is much more expensive than crude.
Has been for some time.

Printer ink averages out to almost $298,000.00 a bbl.

It’s funny how this means nothing to the average consumer beyond that PPG at the pump. What do you think it will be when “Putin oil and gas” is running the show?

 

[LargeOrangeFont]

GUSH is still ripping. Up close to 70% from its low.

 

[boatnam2]

I bought 100 contracts of this

View attachment 867856

True player!

 

[LargeOrangeFont]

I bought 100 contracts of this

View attachment 867856

How do you even find that? I keep getting USO LP.

 

[shintoooo]

How do you even find that? I keep getting USO LP.

Those are options. I just added another 100 so 200 total. If it trades anywhere near $5 in the near short term, I should double my money. Hopefully.

 

[QC22]

It flippin' hit $3.04. Holy fook...

 

[boatnam2]

A Bbl is 42 gallons. An average gallon of water at the store is a dollar to a dollar fifty.
At one dollar a gallon, a bbl of water is $42

Water is much more expensive than crude.
Has been for some time.

Printer ink averages out to almost $298,000.00 a bbl.

It’s funny how this means nothing to the average consumer beyond that PPG at the pump. What do you think it will be when “Putin oil and gas” is running the show?

That's it! everyone wants it cheap, only problem is when we stop making it, you think Russia and china is going to sell us jet fuel for our fighter jets and bunker fuel for air craft carriers if there is a war.

 

[LargeOrangeFont]

Those are options. I just added another 100 so 200 total. If it trades anywhere near $5 in the near short term, I should double my money. Hopefully.

Yea I found it now, Thanks.

 

[LargeOrangeFont]

It flippin' hit $3.04. Holy fook...

Its over $4 now, but crazy!!

 

[shintoooo]

 

[QC22]

$1.03!

 

[HitIt]

I think the question of what happens when we literally run out of storage capacity is now officially on the table. Do we burn it? Dump it?

The Russians and the Saudis thought it would be good to start pumping as much as possible to crush the markets. Mission accomplished. Did they create the world's biggest environmental disaster in the process?

 

[hallett21]

Probably a stupid question but...

Can you pump oil back into the ground?


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[shintoooo]

Yea I found it now, Thanks.

Already up lol. I bought in at .54 [emoji13]

 

[LargeOrangeFont]

near instant win!!

 

[boatnam2]

Already up lol. I bought in at .54 [emoji13]

View attachment 867863

You and China are buying the shit up lol

 

[DRYHEAT]

A Bbl is 42 gallons. An average gallon of water at the store is a dollar to a dollar fifty.
At one dollar a gallon, a bbl of water is $42

Water is much more expensive than crude.
Has been for some time.

Printer ink averages out to almost $298,000.00 a bbl.

It’s funny how this means nothing to the average consumer beyond that PPG at the pump. What do you think it will be when “Putin oil and gas” is running the show?

I don’t think most people realize how far reaching the energy industry and its supporting infrastructures goes, this is gonna hurt a lot of people. I hope this crap turns around soon.

 

[SummitKarl]

I bought 100 contracts of this

View attachment 867856

only 178 days till hero or Zero....lol, I am scooping up Barclays oil

 

[shintoooo]

$.85

 

[shintoooo]

only 178 days till hero or Zero....lol, I am scooping up Barclays oil

I might get out today depending on how it goes lol.

 

[shintoooo]

it hit $0.49 WOW!!

 

[shintoooo]

$0.16

 

[shintoooo]

Oil hit 0.

Can it go negative?

 

[nameisbond]

touched 12cents...……………………..

 

[HitIt]

Can it go negative?

CME says yes.

cme oil negative - Google Search

www.google.com

 

[HBCraig]

It just went negative on my phone. Wow

 

[nameisbond]

negative $7.28

 

[HitIt]

-$7.50?

Getting scared....

 

[530RL]

How can Oil be negative and the SP500 at 2,850?

 

[HitIt]

How can Oil be negative and the SP500 at 2,850?

Look at at June contracts. They are holding up. Short term they have a fucking huge storage problem.

 

[QC22]

Why is USO (Oil ETF) going up?

 

[SoCalDave]

Just heard on KFI it's down to $1.10...did I hear that right?

 

[nameisbond]

negative $8.61...………………….. never thought Id see oil negative.

 

[boatnam2]

How does negative work?

 

[ElAzul]

So we can get paid to buy oil? That's a first for me

 

[HitIt]

How does negative work?

Apparently it works well. -$40 right now. Good thing about negative is there is no "bottom".

 

[nameisbond]

negative $13.98.

 

[nameisbond]

negative $36.90...…………………….

 

[boatsntoys]

Oil was down to under $10 this morning. About $10,50 right now.

“ Storage, therefore, is filling fast everywhere around the world. In the United States, the prices of some grades in Texas were nearing negative territory as early as last week, with customers bidding to pay only $2 per barrel for South Texas Sour and $4.12 a barrel Upper Texas Gulf Coast last week, Bloomberg reported, citing pricing bulletins.”

 

[boatnam2]

So people that own may contracts are dumping it for loss?

 

[farmo83]

It's a long squeeze as today was option expiry. Look for a few hedge funds to be BK shortly.

 

[Bigbore500r]

Just filled up at $2.69....WTF lol
Give me some of that negative oil!

 

[spectras only]

Will it be -150 vs plus 150 in the past