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Oil Price Crash - April 20th

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Oil Price Crash - April 20th
« on: Apr 20, 2020, 05:52:00 pm »
 

poseidonlost

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The April 20th event of 2020. Complete collapse of oil into negative prices. I see, it has rebounded as of this moment, but what the hell was that about today? Could it be the April 20th event for this year? Funny, this is also the 10th anniversary of the Deepwater Horizon/BP Gulf of Mexico oil disaster.

An oil futures contract expiring Tuesday went negative in bizarre move showing a demand collapse

PUBLISHED SUN, APR 19 202010:07 PM EDT
Eustance Huang
@EUSTANCEHUANG

Pippa Stevens
@PIPPASTEVENS13

https://cnbc.com/2020/04/20/oil-markets-us-crude-futures-in-focus-as-coronavirus-dents-demand.html

Quote
A futures contract for U.S. crude prices dropped more than 100% and turned negative for the first time in history on Monday, showing just how much demand has collapsed due to the coronavirus pandemic.

But traders cautioned that this collapse into negative territory was not reflective of the true reality in the beaten-up oil market. The price of the nearest oil futures contract, which expires Tuesday, detached from later month futures contracts, which continued to trade above $20 per barrel.

West Texas Intermediate crude for May delivery fell more than 100% to settle at negative $37.63 per barrel, meaning producers would pay traders to take the oil off their hands.

[yada yada...]



Last Edit by Gladstone
"Castles made of sand, slips into the sea, eventually." - Jimi Hendrix
 

Re: Oil Price Crash - April 20th
« Reply #1 on: Apr 20, 2020, 08:23:09 pm »
 

tahoeblue

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https://patch.com/california/carlsbad/420-this-day-in-history-the-columbine-massacre-hitler291bfe926c
4/20 This Day in History: the Columbine Massacre, Hitler's Birthday, and a Cannabis Holiday
Do you remember where you were April 20, 1999, when Columbine High School became the deadliest school shooting?



On this day in 1889, Adolf Hitler was born. Many use this day as a reminder never to forget the Holocaust and the six million Jews who were tortured and killed.

In 1999, April 20 became the date of the worst school shooting in history



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Re: Oil Price Crash - April 20th
« Reply #2 on: Apr 21, 2020, 12:28:48 am »
 

EvadingGrid

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Yes they have run out of storage space...
Brent Crude is still holding price.



Last Edit by Gladstone
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The problem is the virus called the Illuminati.
 

Re: Oil Price Crash - April 20th
« Reply #3 on: Apr 21, 2020, 08:23:49 am »
 

#1 Trouble Maker

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A dual celebration by the globalists.  #1 world wide lockdowns fast track to forced vaccines.  #2 NEGATVE oil futures.
We got the population brain washed, all in a state of shock.  If you become aware well, we don't particularly care because we have the psy-op industrial complex.
 

Re: Oil Price Crash - April 20th
« Reply #4 on: Apr 21, 2020, 11:50:16 am »
 

EvadingGrid

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A dual celebration by the globalists.  #1 world wide lockdowns fast track to forced vaccines.  #2 NEGATVE oil futures.

Somebody just made a mind boggling amount of money when the futures market did a back flip.

Cui Bono eh ?



Last Edit by Gladstone
We are all running on Gods laptop.
The problem is the virus called the Illuminati.
 

Re: Oil Price Crash - April 20th
« Reply #5 on: Apr 21, 2020, 12:53:35 pm »
 

tahoeblue

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who run barter town



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