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U.S. oil falls more than 10% to lows not seen since 1999
Reuters ^
| 19 April 2020
| Florence Tan
Posted on 04/19/2020 7:58:47 PM PDT by MeneMeneTekelUpharsin
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To: MeneMeneTekelUpharsin
Low info folks are blaming Trump on social media for trying to raise the price of oil. I don’t think they understand how the universe works.
41
posted on
04/19/2020 11:11:58 PM PDT
by
lurk
To: Osage Orange
42
posted on
04/19/2020 11:37:22 PM PDT
by
napscoordinator
(Trump/Hunter, jr for President/Vice President 2016)
To: ocrp1982
Yes. Bad news for USA shale companies.
Really bad news also for the Alberta oil sands. They face artificial low prices anyway because of lack of pipelines.
To: MeneMeneTekelUpharsin
American light is more than 20% down by now. Well under $15.
To: Bob434
The low prices won’t last for long with such a beating on oil market. Who would sell you gas if all the producers are belly up?
To: napscoordinator
I bought Exxon last week and carnival twice in the last two weeks.My research indicates Exxon has debt issues...
46
posted on
04/20/2020 4:20:20 AM PDT
by
MeneMeneTekelUpharsin
(Freedom is the freedom to discipline yourself so others don't have to do it for you.)
To: BipolarBob
Come north. Neosho,Missouri has gas at 94 cent$. Cheaper still in Poplar Bluff, MO. 79 cent$. Crazy...
47
posted on
04/20/2020 4:47:01 AM PDT
by
donozark
(Sam Walton: It was paper when we started, and it's paper afterward.)
To: know.your.why
Plummeting now. $12.46 per barrel.
48
posted on
04/20/2020 4:48:35 AM PDT
by
donozark
(Sam Walton: It was paper when we started, and it's paper afterward.)
To: donozark
Plummeting now. $12.46 per barrel.That's why DOW futures went from -394 to -480 in a click.
49
posted on
04/20/2020 4:55:30 AM PDT
by
MeneMeneTekelUpharsin
(Freedom is the freedom to discipline yourself so others don't have to do it for you.)
To: MeneMeneTekelUpharsin
Seems like rebound started, bought some with close stop.
To: NorseViking
DOW futures right now at -515.
51
posted on
04/20/2020 5:29:23 AM PDT
by
MeneMeneTekelUpharsin
(Freedom is the freedom to discipline yourself so others don't have to do it for you.)
To: MeneMeneTekelUpharsin
I am now talking about WTI futures, although there is a chance I’d get no luck today.
To: MeneMeneTekelUpharsin
As for DOW it has to fall, we discussed it here on April, worked exactly as predicted.
To: NorseViking
To: napscoordinator
I’m going to buy again....soon.
55
posted on
04/20/2020 8:27:01 AM PDT
by
Osage Orange
(Mar's isn't a place to raise your kid...)
To: CJ Wolf
Oil is fungible. Cost does not attach to it by unit
56
posted on
04/20/2020 8:31:12 AM PDT
by
DesertRhino
(Dog is man's best friend, and moslems hate dogs. Add that up. ....)
To: Osage Orange
Excellent! I am too. I love this site.
57
posted on
04/20/2020 9:46:48 AM PDT
by
napscoordinator
(Trump/Hunter, jr for President/Vice President 2016)
To: Osage Orange
I managed to jump out by stop on first trade. $5 is still too cheap.
To: MeneMeneTekelUpharsin
This “news” is meaningless. The same WTI contract will be $20 Wednesday after this one expires. The media are idiots who spread ignorance and panic.
To: dp0622
The price at the pump (including the outrageous gas taxes where I live) should still be 30 or 40 cents lower from what I can figure. Maybe my math sucks. This has ZERO effect on gas prices. Gasoline futures have been rising about 14% in the past two weeks after hitting a low of 1.50, now 1.71.
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