/biz/ - Business & Finance

>>19065990
if trannies can look like that there's no need for women anymore.

>>18758876
>only put in 100 dollars
who gives a fuck if it went to zero? why even set a stop/limit for that. At 100 dollars just let it do whatever it wants. The worst you could be out is 100 dollars. God I hate reddit

>>18752033
>Q1: -4.8%
>Q2: -35%
>companies reporting shitty or negative eps
>country still closed with only vague hurr per state opening up guidlines in the works
>small business suffering or outright shuttering by now
B V L L I S H

>>18576152
"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."

>could i literally just take a barrel of oil rn and get paid ten bucks
To answer this specifically the contract is for 1000 barrels. Barrel is a measurement not the container. You have to have a place to put the oil when it's delivered so no: get that silly dream out of your head anon

missed getting 50 HAL again, but got TDG and SBUX