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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
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To: Osage Orange

Thanks! Will do.


42 posted on 04/19/2020 11:37:22 PM PDT by napscoordinator (Trump/Hunter, jr for President/Vice President 2016)
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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.


43 posted on 04/20/2020 12:20:31 AM PDT by Reverend Wright (TAX the WOKE !)
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To: MeneMeneTekelUpharsin

American light is more than 20% down by now. Well under $15.


44 posted on 04/20/2020 2:16:11 AM PDT by NorseViking
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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?


45 posted on 04/20/2020 3:33:14 AM PDT by NorseViking
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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.)
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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.)
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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.)
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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.)
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To: MeneMeneTekelUpharsin

Seems like rebound started, bought some with close stop.


50 posted on 04/20/2020 5:10:52 AM PDT by NorseViking
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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.)
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To: MeneMeneTekelUpharsin

I am now talking about WTI futures, although there is a chance I’d get no luck today.


52 posted on 04/20/2020 5:43:45 AM PDT by NorseViking
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To: MeneMeneTekelUpharsin

As for DOW it has to fall, we discussed it here on April, worked exactly as predicted.


53 posted on 04/20/2020 5:46:52 AM PDT by NorseViking
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To: NorseViking

On April, 8th.


54 posted on 04/20/2020 5:49:48 AM PDT by NorseViking
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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...)
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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. ....)
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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)
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To: Osage Orange

I managed to jump out by stop on first trade. $5 is still too cheap.


58 posted on 04/20/2020 10:17:30 AM PDT by NorseViking
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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.


59 posted on 04/20/2020 10:39:29 AM PDT by montag813
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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.

60 posted on 04/20/2020 10:41:02 AM PDT by montag813
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