from WallStForMainSt
Oil futures are crashing again tonight. They’re currently down over 5% already and it is going to be a big struggle for WTI to hold the $20 barrel mark this week. It looks like oil prices are going to go way below $20/barrel in the near future while oil refiners race to cut production and clear inventory for cash. There’s also almost zero oil storage space left.
Track the oil futures price here: https://www.tradingview.com/markets/f…
Oil Futures In Record Contango Of Over $10 For First Time Since 2009 https://www.forbes.com/sites/gauravsh…
Crude oil futures slide as pandemic darkens demand outlook https://finance.yahoo.com/news/crude-…
Oil Majors Are Preparing For $10 Oil https://oilprice.com/Energy/Energy-Ge…
OPEC Nations Howl for Mercy as Saudi-Russia Oil War Deepens https://finance.yahoo.com/news/opec-n…
Rosneft sells Venezuelan assets to Russia after U.S. sanctions ramp up https://www.msn.com/en-us/news/world/…
One Corner of U.S. Oil Market Has Already Seen Negative Prices https://www.bloomberg.com/amp/news/ar…
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