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
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it is trading at 0 cents per barrel
now trading in negative
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
now Trade At -$6.75 Per Barrel For The First Time In History
settled at -37.63$
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….
…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….
…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…
BIGGEST HISTORY IN THE WORLD
Finally it’s officially 0$
Middle east is Doomed !!!!!!!
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
I was wondering wheres this thread
Now at 1300 in mcx
How many of you think that crude will have a further crash?
you are to late now $1