Interesting and Humour - page 4676
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Hello all, oil light is a bit down today))))
Now the S&P 500 and the Gold will follow
Hello all, oil light is a bit down today))))
The S&P 500 and the Gold will follow.
WTI crude fell to $0, but immediately rose to $0.35 a barrel.
The price of the nearest Brent crude futures fell 99.98% to $00.00 a barrel as of 20:56 Moscow time. This is evidenced by the trading data on the London Stock Exchange ICE.
I think that's a bleep.
a joke as a joke or a challange nowadays they call it
I do not understand. Was it a coincidence that the colour defines gender identity or is it a standard uniform at the nuclear power plant?
their choreography is so stunted that it seems they haven't eaten for a long time ))))
WTI crude fell to $0, but instantly rose to $0.35 a barrel
The price of the nearest Brent crude futures fell 99.98% to $00.00 a barrel as of 20:56 Moscow time. This is evidenced by the trading data on the London Stock Exchange ICE.
I think this is bleeping.
Most of today's news headlines are about the epic collapse in oil prices, but in reality only the nearest futures have fallen sharply in price. It is expiring tomorrow and its collapse is due to the fact that no one wants to deliver physical oil as there is nowhere to store it. At the same time, the performance of the December WTI futures is not as impressive. It is still above March lows, although the upward correction seems to be nearing its end. Meanwhile, the June crude futures are currently trading around $22.63 and the July delivery futures are around $27.90/bbl.
Anyway, it's just that the futures closest to expiry are down a lot.
future futures didn't fall that much.
Most of today's news headlines are about the epic collapse in oil prices, but in reality only the nearest futures have fallen sharply in price. It is expiring tomorrow and its collapse is due to the fact that no one wants to deliver physical oil because there is nowhere to store it. At the same time, the performance of the December WTI futures is not as impressive. It is still above March lows, although the upward correction seems to be nearing its end. Meanwhile, the June crude futures are currently trading around $22.63 and the July delivery futures are around $27.90/bbl.
Anyway, it's just that the futures closest to expiry are down a lot.
future futures didn't crash like that.
It's no coincidence that this news is in humour).
But the jokes are pretty serious.
Most of today's news headlines are about the epic collapse in oil prices, but in reality only the nearest futures have fallen sharply in price. It is expiring tomorrow and its collapse is due to the fact that no one wants to deliver physical oil because there is nowhere to store it. At the same time, the performance of the December WTI futures is not as impressive. It is still above March lows, although the upward correction seems to be nearing its end. Meanwhile, the June crude futures are currently trading around $22.63 and the July delivery futures are around $27.90/bbl.
Anyway, it's just that the futures closest to expiry are down a lot.
Future futures didn't crash like that.
We should also collapse gold. That would be great.
And if you collapse the dollar, the price of oil in dollars will go up.
The dollar has become so expensive that the price of oil has fallen to zero)))
We should print more dollars. After all, it's expensive. More, more.
What do you mean, "nobody wants delivery of real oil"? A futures contract is a legal document in which one party agrees to buy an agreed volume of a commodity at a fixed time and at a fixed price, and the other party is obliged to sell and deliver it. Notions of "want/don't want" are irrelevant here.
Do not forget the speculators. They do not need the delivery of the commodity. Therefore, they will close their positions without waiting for an expiration. In the case of the next contract for WTI, it turned out that a large speculator or a group of speculators sitting in a losing long until the last and on the last day began to withdraw. If they sit tight until the expiration, then they are obliged to accept the oil and provide storage capacity. And then there are additional costs in the form of storage fees.
Don't forget the speculators. They do not need the delivery of the commodity. So they close their positions without waiting for an expiration. In the case of the nearby WTI contract, it turned out that a large speculator or a group of speculators sat in loss-making longs until the very last and on the last day began to exit their positions. If they sit tight until the expiration, then they are obliged to accept the oil and provide storage capacity. And then there are additional costs in the form of storage fees.