CheGuevara Posted April 20, 2020 Report Posted April 20, 2020 Just now, Android_Halwa said: -$3.70 Its 24 cents kada Quote
soodhilodaaram Posted April 20, 2020 Report Posted April 20, 2020 17 minutes ago, Android_Halwa said: oka drum oil, one dollar kante takuva na...black gold kastha budidi ayyye .. brahmam kaka epudo chepindu, qayamat aaney wali hain ani... suggest us best option to capitalize this kaka, 500$ detoon, i need 500 barrels (500*160 litres = 8000 litres for 40,000 rupees)😁 Quote
AndhraneedSCS Posted April 20, 2020 Report Posted April 20, 2020 As for why May has gone negative, consider that at this point, longs in the expiring contract will have to take delivery. That means they might have to transport the oil from wherever the supply is coming from, and then store it - all that costs money. Given an overwhelming unneeded supply of West Texas Intermediate out there, it's not beyond the realm that the price could drop to zero or go negative. Quote
AndhraneedSCS Posted April 20, 2020 Report Posted April 20, 2020 This means, USO and UCO has more chances of going down (assuming the economy wont open for a month) Quote
ring_master Posted April 20, 2020 Report Posted April 20, 2020 Just now, AndhraneedSCS said: This means, USO and UCO has more chances of going down (assuming the economy wont open for a month) So shorts ? Quote
AndhraneedSCS Posted April 20, 2020 Report Posted April 20, 2020 4 minutes ago, ring_master said: So shorts ? You have to time it perfectly. Meaning, get out at the right time. I would just wait for a few days and then buy USO or UCO at a better price. I believe UCO will have a reverse split tomorrow Quote
quickgun_murugun Posted April 20, 2020 Report Posted April 20, 2020 @Spartan chitti vuncle Chevron Exxon mobile stocks inka padthayantava?? Quote
user789 Posted April 20, 2020 Report Posted April 20, 2020 2 minutes ago, r2d2 said: Oh my Thaatha what an art of deal!!! End of drama.....Reality in next few weeks. Quote
xano917 Posted April 20, 2020 Report Posted April 20, 2020 how to take advantage of this ? yem konali ? never traded oil before. oka $1000 koni padestha Quote
Android_Halwa Posted April 20, 2020 Author Report Posted April 20, 2020 ipatiki US and China strategic reserves kuda full ayipoivuntayi... some countries like china, india and japan are storing oil in tankers itself.. and spot market la ledu ledu anna oka 50 panamax size crude containers are ready to set sail or on the way to destination.. intha oil inventory clear ayi, malli regular demand ravalante time padtadi po... Quote
AndhraneedSCS Posted April 20, 2020 Report Posted April 20, 2020 1 minute ago, xano917 said: how to take advantage of this ? yem konali ? never traded oil before. oka $1000 koni padestha Research on SCO (will increase if oil drops in price)and UCO (long oil) Quote
k2s Posted April 20, 2020 Report Posted April 20, 2020 Arey enti man idi? Petrol bunk lo gas free aa ippudu? Quote
AndhraneedSCS Posted April 20, 2020 Report Posted April 20, 2020 1 minute ago, Android_Halwa said: ipatiki US and China strategic reserves kuda full ayipoivuntayi... some countries like china, india and japan are storing oil in tankers itself.. and spot market la ledu ledu anna oka 50 panamax size crude containers are ready to set sail or on the way to destination.. intha oil inventory clear ayi, malli regular demand ravalante time padtadi po... May be a couple of months or less once the economy opens up. This is under the assumption that they wont increase production in various countries to bankrupt US companies Quote
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