/biz/ - Business & Finance

a n i m e

>>19395448
nice choice. based TMUS.

>>18576485
"The headline number that everyone is freaking out over is the front month contract. Right now that's the May contract. Trading in this contract will end tomorrow, April 21, and delivery of physical crude will be in May.

In the normal course of events traders holding this contract about now would be selling it to someone will to take physical delivery and then roll the income from that sale into a later contract.

RIght now, however, no one wants to (or is able to) take physical delivery. Storage is near full. So no one want this contract, hence the crash in pricing.

On Wednesday the headlines will report a 50% jump in crude prices because the headlines always refer to the front month price. And on Wednesday the front month contract will be the June contract.

As for USO, they try to hold the front month contract, but they don't hold it to the very end. This month, USO started to roll to the June contract on 7-April and were done by 13-Apr. So they missed this crash.

Also, note that because USO has gotten so big they are no able to hold all their assets in the front month contract. It would violate exchange rules. Going forward USO will hold only 80% in the front month and 20 % in the next month."

>>18568651
>>18568741
>posted anime
>bought oil
>made $38k