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Thread: Crude Oil

  1. #331
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    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.

  2. #332
    Advanced Member Valuegrowth's Avatar
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    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

  3. #333
    FEAR n GREED JBmurc's Avatar
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    Quote Originally Posted by bermuda View Post
    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 09:51 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

  4. #334
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    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.

  5. #335
    Guru Crypto Crude's Avatar
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    Thank you Bermuda,
    Look after yourself sir...

    Quote Originally Posted by Joshuatree View Post
    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
    Nakamoto means of Central origin ...

  6. #336

  7. #337
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    LOL and just like the end of the oil 'ego' price war ....
    cc
    Nakamoto means of Central origin ...

  8. #338
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    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
    Nakamoto means of Central origin ...

  9. #339
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    It hit -$40us totally unreal ... can not believe it...
    cc
    Nakamoto means of Central origin ...

  10. #340
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    Quote Originally Posted by blackcap View Post
    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
    Nakamoto means of Central origin ...

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