BRENT - page 9
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Google for the oil hub of America, the city of Cushing.
Look at different photos and scale of oil storage facilities, and imagine that they are all full ))
The amount of space for oil storage facilities is just staggering in scale.
It's a whole city or even a state with just oil storage depots of this type.
Everyone is pumping, but they call on everyone to cut production. It's the Americans, the chutzpahs.
Imagine that one or two pumping machines is one company that rents a well.
Now imagine how many such firms there are. And that's just one picture.
Not much reasoning from the media, to negative values.
Expect sensational claims in the news today ))
Only we saw it all on the price chart a long time ago ))
The copyright holder has blocked the display on third-party sites, so let's go to YouTube.
By the way on the calendar, the Cushing crude stockpile release comes out tomorrow.
The US Energy Administration is predicting an increase in inventories, compared to the previous forecast.
And if the actual value of stocks increases, relative to the actual value of the last release,
it will indeed confirm the overstock, and the quotations of the new contracts may go down again.
https://www.mql5.com/ru/economic-calendar/united-states/eia-cushing-crude-oil-stocks-change
Not much reasoning from the media
Childish nonsense.
All oil and gas production and refining in the US generates less than 1% of GDP per year.
If you take gas out, oil's share is minuscule.
Falling prices will cut GDP by hundredths of a percent and add a few thousand people to unemployment, but lower prices for gasoline, diesel and paraffin will give the economy a boost.
Childish nonsense.
All the oil and gas production and refining in the US generates less than 1% of GDP per year.
If you take gas out, oil's share is minuscule.
Falling prices will reduce GDP by hundredths of a percent and add a few thousand people to unemployment, but lower prices for gasoline, diesel and paraffin will give the economy a boost.
What does the oil and gas industry's contribution to GDP have to do with it?
The discussion is about the oil market situation, not about the oil industry's contribution to GDP.
;))
What does the oil and gas industry's contribution to GDP have to do with it?
The discussion is about the oil market situation, not the oil industry's contribution to GDP.
;))
so why "slash Trump"?
What is the situation disastrous for Trump specifically?
so why "slash Trump"?
What is the situation disastrous for Trump in particular?
Ahhh you're in that vein, who the hell knows, that's what the media is all about ))
I rarely look there in the zombo box, the price on the chart says it all on its own before these morons ))
What's Trump got to do with it, I don't know, it's the media ))
Almost 50% off yesterday's prices.
If Cushing's inventory increase is confirmed tomorrow, panic could set in.
And the June contract could fly even lower, adding to the speculative drive.
Alternatively, the volume that was under-sold in May contract will be sold in June contract.
So, anything is possible, oil has no limit bars, we are witnessing some interesting historical moments )).
The stock exchange has gone rogue, soon the GO will make up the price of the SPOT - BRAVO!
The stock exchange has gone completely bonkers, soon the GO will make up the price of the SPOT - BRAVO!
If the price can be minus 300% (to the previous close), why can't the collateral be at least 150% ?