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To: bigbob

Is a function of oversupply or is something more nefarious going on.


1,440 posted on 04/20/2020 11:48:04 AM PDT by Wegelhof (If the Articles don' fit, you must acquit.)
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To: Wegelhof

The lowest price I’ve seen so far is MINUS $40.08/bbl. The Forbes article I posted earlier explains that this is just an artifact of unwinding futures contracts when delivery is physically impossible,

https://www.forbes.com/sites/simonconstable/2020/04/20/the-real-reason-oil-futures-plunged-on-monday-isnt-what-you-think/#541e5d9e9e97


1,443 posted on 04/20/2020 11:51:33 AM PDT by AZLiberty (4/12: The Resurrection will be echoed by the resurrection of the Constitutional Republic of the USA.)
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