Yup. Tomorrow would be the last day of June contract. Tomorrow would be very interesting. My guess is it has a higher probability of being lower.
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Yup. Tomorrow would be the last day of June contract. Tomorrow would be very interesting. My guess is it has a higher probability of being lower.
I was about to hold uso for a year.
I was expecting 100 to 180% in 12mo, but going to take the $$ and run.
https://www.marketwatch.com/amp/stor...6-9107729667CAQuote:
MARKET PULSE
USO says it may have to hold larger amounts of Treasurys and cash
By Steve Goldstein
Published: May 26, 2020 6:24 am ET
Oil is in the mid-30s right now.
I’m bummed but the premium-over-spot on silver and gold right now. Spot is up a bit on both, but premium is stupid on anything available (and there’s a lot that isn’t available).
If only I had a place to store it.Quote:
Originally Posted by roberth
The New York Times reported Thursday that oil tankers are in high demand:
Rates to store oil were around $25,000 in February, and have ballooned to roughly $200,000 a day.
Comedy of the day.....
https://oilprice.com/Energy/Oil-Pric...This-Fall.htmlQuote:
Drilling Executive: Oil Prices Could Hit $70 This Fall
By Tsvetana Paraskova - Jun 05, 2020, 11:00 AM CDT
Time to short?
That’s exactly how it got to be a negative price per barrelQuote:
Originally Posted by BladesNBarrels
Unbelievable.....
First ,margin account rep or option rep would have [ almost] never let s person stack up that much losses without cover. I knew the story is either off or it must been some kind of mistake.
https://www.forbes.com/sites/sergeik...e-balance/amp/
Quote:
...........
?Tragically, I don?t even think he made that big of a mistake. This is an interface issue, they have slick interfaces. Confetti popping everywhere,? says Brewster referring to the shower of colorful confetti Robinhood routinely deploys after customers make trades. ?They try to gamify trading and couch it as investment.?
WTI and Brent oil are over $40 a bbl.