Oil just crashed

Thethirdpew

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Sorry but it's true. Go check the futures market for crude oil that shyt tanked last night. Thecoli was late in the news because anti intellectualism is rampant here. You'll have a thread about ig hos using filters that will do numbers but decent threads get bushed.
 

Thethirdpew

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Oil falling is an indicator that the greater market is about to collapse. That means that car sales are next and then everything else will collapse crater too. The economy is not going to make the big return like people think.


Btw,Trump was involved in this too:


Trump Steps In To Help Oil Industry Facing Its Own Coronavirus Crisis
NPR Choice page

That's not going to happen anytime soon because Jerome Powell and the black stone group will make sure that SPY, DIA and QQQ dont drop that much. Oil right now is a true indicator of our economy while the stock market is being propped up in Hopes of a V shaped recovery.
 

Thethirdpew

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May futures contract expires tomorrow....will this affect anything?
opposite of short squeeze. People that went long on oil got pressured to cover their positions as they realized that there is storage for oil is running out. Short sellers won hence the massive drop in prices. May futures contract isn't an accurate reflection of supply and demand fundamentals right now. Long positions are about to take a huge L.
 
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Pyrexcup

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Sorry but it's true. Go check the futures market for crude oil that shyt tanked last night. Thecoli was late in the news because anti intellectualism is rampant here. You'll have a thread about ig hos using filters that will do numbers but decent threads get bushed.
join the boiler room thread in higher learning
 

Thethirdpew

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what oil stocks you copping breh?
None:hubie:. I don't know who in their right mind would cop oil stocks right now:mjlol:. There's nowhere to store all this excess oil and demand is super low. I'd rather invest in other things than something that will take forever to recover, I got USO puts though. already made 10k this morning off the 4 dollar USO puts i bought Friday :blessed:.
 

PJMilano

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Sorry but it's true. Go check the futures market for crude oil that shyt tanked last night. Thecoli was late in the news because anti intellectualism is rampant here. You'll have a thread about ig hos using filters that will do numbers but decent threads get bushed.


I wasn't casting doubt.
 

BaggerofTea

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Bout to cop that 2020 diesel tanker, two tone with the cherry red bottom :banderas:

Roll into the dock with 760 credit zero down, sailing that bytch right off the lot :banderas:

With your bytch in the navigator chair :umad:
:francis: Yea that credit thang, In the process of building it up.

Just focusing on paying shyt on time and being disciplined. Ive been wilding for a couple years.
 

IAMDetroit

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Yes you would have . Last night futures for crude oil was down nearly 10 percent. I made 10k this morning by predicting that USO would drop. Yall just dumb and dont pay attention to news :umad:
Good for you
My entire portfolio is down 66.37% over 3 months.
 
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