WTI Crude trades below 0 $ (Down more than 100%)

WTI Crude trades below 0 $ (Down more than 100%)

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Buyers in Texas are offering as little as $2 a barrel for some oil streams, raising the possibility that producers may soon have to pay to have crude taken off their hands

https://www.bloomberg.com/news/articles/2020-04...

https://oilprice.com/Energy/Crude-Oil/Flood-Of-...

29 Comments  |  
15 Dimers
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Deal Cadet
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meragoyou153 wrote:

you are to late now $1

it is trading at 0 cents per barrel

now trading in negative

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Deal Cadet
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meragoyou153 wrote:

now trade aT negitive -0.05 $

I am watching CNBC (US) to understand how can a stock trade in negative (WTI Crude trading at -7.19$). they are saying that they have run out of storage and producers need to pay 7.19$ to store a barrel for them. Nver happened before

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Deal Cadet
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now Trade At -$6.75 Per Barrel For The First Time In History

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meragoyou153 wrote:

now Trade At -$6.75 Per Barrel For The First Time In History

settled at -37.63$

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Blogger
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can i buy now from 5paisa

is it possible ?

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Deal Subedar
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rogerthat wrote:

can i buy now from 5paisa

is it possible ?

…I guess mcx trades brent crude…which is around 1700 rs a lot….

…0$ is crude oil….

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Deal Subedar
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…I think with this scenario in mind….I doubt aramco will invest in reliance now….

…I am expecting 700-800 rs price for reliance in second wave of selling in nifty due soon….

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Blogger
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still_guessing wrote:

…I guess mcx trades brent crude…which is around 1700 rs a lot….

…0$ is crude oil….

can u guide i am unable to find where to buy exactly

my account is activated 1 icici share purchase so far

searching crude or oil not giving any result

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Deal Subedar
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rogerthat wrote:

can u guide i sm unable to find where to buy exactly

my account is activated 1 icici share purchase so far

searching crude or oil not giving any result

..mate to be frank…I never traded in commodity and i have honestly no intention of doing so…

…I buy options and stocks only….no future even….

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Blogger
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still_guessing wrote:

..mate to be frank…I never traded in commodity and i have honestly no intention of doing so…

…I buy options and stocks only….no future even….

i have no idea about option cash futures

total noob in these matters

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Deal Cadet
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0x01 wrote:

loot deal?

Exactly. Loot deal. Post in Freebies section. wink

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Deal Subedar
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rogerthat wrote:

i have no idea about option cash futures

total noob in these matters

…stocks are best….you can be wrong with timing but not with the pedigree of stocks…

…disclosure my portfolio is full of red color… smile

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Deal Subedar
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…You know what there is similarity between ciggi and options….

…according to that mythical friend….both are too easy..just try it once…and you are doomed…

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Deal Cadet
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WTI May does not have much relevance and shouldn’t be looked at as an accurate economic indicator, because tonight the May contract will expire and in Crude if you keep positions on expiry day then you need to take physical delivery – which nobody wants to take (that’s why people are unwinding positions aggressively today).

That’s the reason for the huge difference between the current and the next month contracts.

WTI June is at $22 (which is just down 12%) is probably the relevant price to look at…

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Deal Cadet
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myfungang829 wrote:

WTI May does not have much relevance and shouldn’t be looked at as an accurate economic indicator, because tonight the May contract will expire and in Crude if you keep positions on expiry day then you need to take physical delivery – which nobody wants to take (that’s why people are unwinding positions aggressively today).

That’s the reason for the huge difference between the current and the next month contracts.

WTI June is at $22 (which is just down 12%) is probably the relevant price to look at…

on 20 may 2020
you may again give this reason that WTI is trading at 10$ for june 2020 delivery
this will goes on till that 2020 goes into dead and worst memories of human

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Blogger
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rogerthat wrote:

can u guide i am unable to find where to buy exactly

my account is activated 1 icici share purchase so far

searching crude or oil not giving any result

You need to have commodity trading account with a MCX broker.

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Blogger
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0x01 wrote:

loot deal?

Yes, as it’s bound to surge after a fall, which it has done already

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Admin
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rogerthat wrote:

can i buy now from 5paisa

is it possible ?

You cannot trade on WTI futures from India

plus futures hai. – so its already gone.

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Deal Subedar
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I was wondering wheres this thread

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Admin
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rogerthat wrote:

i have no idea about option cash futures

total noob in these matters

futures are very risky (never gone there myself)
try zerodha varsity – very good to build an understanding

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Deal Cadet
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myfungang829 wrote:

WTI May does not have much relevance and shouldn’t be looked at as an accurate economic indicator, because tonight the May contract will expire and in Crude if you keep positions on expiry day then you need to take physical delivery – which nobody wants to take (that’s why people are unwinding positions aggressively today).

That’s the reason for the huge difference between the current and the next month contracts.

WTI June is at $22 (which is just down 12%) is probably the relevant price to look at…

WTI June trading at 8$ (down 60%), July futures down 30%, ICE Brent down 25%. Need your opinion now

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Deal Cadet
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still_guessing wrote:

…stocks are best….you can be wrong with timing but not with the pedigree of stocks…

…disclosure my portfolio is full of red color… smile

Everyonezz portfolio is in RED

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Deal Newbie
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How many of you think that crude will have a further crash?

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