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26-03-2020, 09:39 PM
#331
Shrewdy,
Maybe MBS and Putin understood how painful this virus is...and is going to be. I am getting real worried about a total world shut down.
ps Don't believe Trump's claim it will be all over by Easter.
Best
to
you Shrewdy and stay isolated.
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26-03-2020, 10:11 PM
#332
Corona invaded into commodity market as well.
Oil should bounce back in the second half of 2020. It can happen next week or next month too if corona statistics come true. I expect the average price of Brent at $35 to 40 per barrel in 2020. China is stockpiling oil. The United States also want to buy crude oil for the Strategic petroleum Reserve. Low commodities prices are boon for many industries.
https://oilprice.com/Latest-Energy-N...m-Reserve.html
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26-03-2020, 10:49 PM
#333
Originally Posted by bermuda
Shrewdy,
Maybe MBS and Putin understood how painful this virus is...and is going to be. I am getting real worried about a total world shut down.
ps Don't believe Trump's claim it will be all over by Easter.
Best
to
you Shrewdy and stay isolated.
I agree bermuda ... I'm sure your not to leveraged or exposed but I've certainly taken the losses and moved funds out from the energy sector ... going take some time to see crude demands back at longer term averages ..2021-22 etc ... I'll be very surprised to see Brent over $40bbl this year .. far too many energy producing nation's with excess supply..
Only hope is US Shale + Tar sands operations grind to a halt must be a list of bankruptcies coming 2H20 at these levels
Last edited by JBmurc; 26-03-2020 at 10:51 PM.
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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26-03-2020, 10:57 PM
#334
Yeah wheres the excess production all going. im hearing about all those supertankers that are storing what, a billion or so barrels, and super con tango ahead. Interesting times and firsts on so many levels.
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27-03-2020, 01:03 AM
#335
Thank you Bermuda,
Look after yourself sir...
Originally Posted by Joshuatree
Yeah wheres the excess production all going. im hearing about all those supertankers that are storing what, a billion or so barrels, and super con tango ahead. Interesting times and firsts on so many levels.
Straight into boosting Strategic petroleum reserves (spr)...
....
.^sc
BITCOIN certified rat poop. NSA created, Expensive to send, slow, can only trade on cex, no autonomy, spaghetti code, has been hacked, accidental Backdoor brc20s whoops, no one building on it, alienated all cryptos against it, volume is fake, few whales control large supply... it will perform though
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02-04-2020, 09:59 PM
#336
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04-04-2020, 03:36 PM
#337
LOL and just like the end of the oil 'ego' price war ....
cc
BITCOIN certified rat poop. NSA created, Expensive to send, slow, can only trade on cex, no autonomy, spaghetti code, has been hacked, accidental Backdoor brc20s whoops, no one building on it, alienated all cryptos against it, volume is fake, few whales control large supply... it will perform though
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21-04-2020, 12:00 PM
#338
Today the biggest day in oil price history ...
US oil prices fall into negative prices .. here I will pay you to take the barrel away....
https://www.google.com/amp/s/amp.the...ped-below-zero
cc
BITCOIN certified rat poop. NSA created, Expensive to send, slow, can only trade on cex, no autonomy, spaghetti code, has been hacked, accidental Backdoor brc20s whoops, no one building on it, alienated all cryptos against it, volume is fake, few whales control large supply... it will perform though
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21-04-2020, 12:10 PM
#339
It hit -$40us totally unreal ... can not believe it...
cc
BITCOIN certified rat poop. NSA created, Expensive to send, slow, can only trade on cex, no autonomy, spaghetti code, has been hacked, accidental Backdoor brc20s whoops, no one building on it, alienated all cryptos against it, volume is fake, few whales control large supply... it will perform though
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22-04-2020, 05:34 AM
#340
Originally Posted by blackcap
Yeah that was a huge gap. I did nibble and buy some oil today at $30.90. Will see where that ends up. Down currently but thinking in the next 12 months will have chances to exit profitably.
Would you like to pay me and I can take those barrels of oil off you...
cc
BITCOIN certified rat poop. NSA created, Expensive to send, slow, can only trade on cex, no autonomy, spaghetti code, has been hacked, accidental Backdoor brc20s whoops, no one building on it, alienated all cryptos against it, volume is fake, few whales control large supply... it will perform though
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