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Oil
Apr 20, 2020 12:42:04 GMT -5
Post by Trades on Apr 20, 2020 12:42:04 GMT -5
Kanchan Gupta @kanchangupta · 1h Unimaginable! Oil prices are dropping by the moment. Never thought I would live to see this day. #OilPrice Quote Tweet Bloomberg @business · 1h BREAKING: Oil drops below $3 a barrel trib.al/o219x5F |
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Oil
Apr 20, 2020 13:22:43 GMT -5
Post by Trades on Apr 20, 2020 13:22:43 GMT -5
davidshepardson
✔
@davidshepardson
One for the history books: RTRS: U.S. CRUDE OIL FUTURES FALL BELOW $0 FOR THE FIRST TIME IN HISTORY
84
2:13 PM - Apr 20, 2020
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Oil
Apr 20, 2020 13:22:56 GMT -5
Post by Trades on Apr 20, 2020 13:22:56 GMT -5
ERIC BOLLING 🇺🇸
✔
@ericbolling
· 1h
A barrel of crude oil is trading at $1.85.
YOU ARE READING THAT CORRECTLY!
A bbl of crude is less than a gallon of gasoline.
*I spent 35 years in the oil industry and NOTHING like this has ever happened.
“There will be blood”
View image on Twitter
🇺🇸 ERIC BOLLING 🇺🇸
✔
@ericbolling
🚨this-> a barrel of crude oil just traded at a single penny.
REPEATING: At least 1,000 42 gallon barrels of crude just traded hands at $0.01.
Makes me wonder how desperate someone had to be to sell their oil for a single penny?
This proves my theory:
“There will be blood”
230
2:20 PM - Apr 20, 2020
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Oil
Apr 20, 2020 13:26:24 GMT -5
Post by Trades on Apr 20, 2020 13:26:24 GMT -5
History has been written .
Oil market got crashed .#OilPrice
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Oil
Apr 20, 2020 13:27:53 GMT -5
Post by Trades on Apr 20, 2020 13:27:53 GMT -5
Charlotte Clymer 🏳️🌈
✔
@cmclymer
· 1h
This is the historical timeline for the price of oil. That sharp drop at the end there?
That's today.#OilPrice
View image on Twitter
Michael Marshall Smith
✔
@ememess
If someone can figure out how to turn oil into toilet paper I think we could be onto something.
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Oil
Apr 20, 2020 13:42:51 GMT -5
Post by Trades on Apr 20, 2020 13:42:51 GMT -5
Inventory costs - the amount of oil is costly to store. Demand has fallen so quickly that output has yet to adjust. Even speculators have no where to store excess barrels. … Saagar Enjeti ✔ @esaagar I am not even going to pretend to be smart enough to understand wtf is going on w/ the oil market Hit me w/ your best explainers/threads 79 2:14 PM - Apr 20, 2020 Oil price goes negative as demand collapses; stocks dip bit.ly/3cwaFMz Oil price goes negative as demand collapses; stocks dip Oil prices plunged below zero on Monday as demand for energy collapses amid the coronavirus pandemic and traders don’t want to get stuck owning crude with nowhere to store it. washingtontimes.com |
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Oil
Apr 20, 2020 14:02:23 GMT -5
Post by Trades on Apr 20, 2020 14:02:23 GMT -5
ERIC BOLLING 🇺🇸
✔
@ericbolling
Yes. …
Eric Festasy (also known as CORN POP)
@eric_festa
Replying to @ericbolling
Now that it's in negative territory, who do you think is going to officially blow up tomorrow?
Hedge fund? Bank? Oil producer? Exxon/Mobil?
What's your guess?
45
2:59 PM - Apr 20, 2020
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Oil
Apr 20, 2020 14:06:59 GMT -5
Post by 2foolish on Apr 20, 2020 14:06:59 GMT -5
i can't see anything u post in this thread... |
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Oil
Apr 20, 2020 14:13:29 GMT -5
Post by Trades on Apr 20, 2020 14:13:29 GMT -5
i can't see anything u post in this thread... Really? That is strange. Basically Oil crashed. Oil sold for 1 cent per barrel. Futures are in the negative $2 range. The economy is screwed. |
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Oil
Apr 20, 2020 14:22:12 GMT -5
via mobile
Post by frostlich on Apr 20, 2020 14:22:12 GMT -5
Id say suck it T Boone Pickens.
But Holee Fuck!!!
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Post by DDNYjets on Apr 20, 2020 14:25:36 GMT -5
Tell millions (billions?) of people around the world that not only arent they allowed to work but they also cant travel. Shut down businesses.
What did you expect? You cant turn off the economy and expect it to be healthy.
But remember, if we can just save one life its all worth it.
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Oil
Apr 20, 2020 14:27:26 GMT -5
Post by Trades on Apr 20, 2020 14:27:26 GMT -5
Tell millions (billions?) of people around the world that not only arent they allowed to work but they also cant travel. Shut down businesses. What did you expect? You cant turn off the economy and expect it to be healthy. But remember, if we can just save one life its all worth it. Also Russia and Saudi Arabia were over pumping to mess with the market before the world ended so it was a perfect storm. The good news is I will be able to fill my truck for less than $30 soon. The bad news is we aren't allowed to go anywhere. |
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Oil
Apr 20, 2020 14:29:22 GMT -5
via mobile
Post by frostlich on Apr 20, 2020 14:29:22 GMT -5
Power grab?
Shutter the shale guys and we'll all be paying $15/gallon in 6 months.
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Post by Trades on Apr 20, 2020 14:34:09 GMT -5
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Oil
Apr 20, 2020 14:34:37 GMT -5
Post by Trades on Apr 20, 2020 14:34:37 GMT -5
Power grab? Shutter the shale guys and we'll all be paying $15/gallon in 6 months. I'm sure that is part of it. They have tried before and it didn't work. |
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