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/biz/ - Business & Finance


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18571581 No.18571581 [Reply] [Original]

SINGLE
DIGIT
SHIT BARREL

>> No.18571626

>on 4/20 of all dates
you cannot make this shit up

>> No.18571770
File: 29 KB, 513x510, happybirthday.jpg [View same] [iqdb] [saucenao] [google]
18571770

>$8.80

>> No.18571787

Brainlet here, how do I profit off oil being so cheap

>> No.18571806

>>18571787
buy high, sell low

>> No.18571809

>>18571787
Shitpost about it

>> No.18571822

BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY

>> No.18571837
File: 9 KB, 72x72, 1585684554799.gif [View same] [iqdb] [saucenao] [google]
18571837

>>18571770
happy birthday

>> No.18571855
File: 114 KB, 948x1024, gretamygirl.jpg [View same] [iqdb] [saucenao] [google]
18571855

greta is happy

>> No.18571869

>>18571581
I’m not buying until the US economy opens up.
Until then, there is no reason for the price of oil to begin to increase.

>> No.18571900

>>18571855
why?
cheap oil is literaly the end of ev's and anything-related

>> No.18571918

>>18571809
Done.

>> No.18571960

Ok so just answer me this. Is there a chance that WTI goes to 0 and never gets back? If this basically crushes the US Oil industry, will this thing be over? Is that the reason why it's that low?

>> No.18571983

>>18571869
>there is no reason for the price of oil to begin to increase.
amerimutts are going to war

>> No.18572036
File: 73 KB, 1158x831, 1.png [View same] [iqdb] [saucenao] [google]
18572036

kekekekek

>> No.18572038

>>18571960
There’s definitely a chance it goes to zero but everything would eventually get shut in at some point and prices would rise. Will never see true zero in perpetuity bc why would anyone produce it at that point?

>> No.18572056
File: 26 KB, 191x191, 1559784344652.jpg [View same] [iqdb] [saucenao] [google]
18572056

>7.60

>> No.18572064

>>18571581
DR;NS

>> No.18572067

>>18571960
You can look at futures contracts to see the markets outlook. Oil trading around 30 bucks a year from now and 22$ next month. People assuming demand will come again. Whether that assumption is wrong is up to you.

>> No.18572074

>>18572038
You can not shut down oil production. It will permanently ruin the resource extraction

>> No.18572078

SEVEN FUCKING DOLLARS

I bought in mro today too in the morning, and while Im still up 5%, shockingly, I'm confused how oil companies aren't fucking absolutely tanking to new lows right now.

>> No.18572089
File: 32 KB, 664x526, Screenshot_20200420_183138.png [View same] [iqdb] [saucenao] [google]
18572089

>>18571581
That's a cool and meaningless number. Didn't affect oil stocks one bit. In fact, they're green.

>> No.18572107

>>18572078
>>18572067
Storage is full i guess. Look at futures contracts.

>> No.18572115

>>18572089
So what's the meaningful number we should be looking at?

>> No.18572127
File: 53 KB, 690x394, 0916_Saudi_Arabia_AP.jpg [View same] [iqdb] [saucenao] [google]
18572127

>>18571983
Manufacture tension with Iran in the Persian gulf and send oil to the moon.

Remember pic related?

>> No.18572132

>>18572038
I mean my question was can WTI go away completely. I don't really understand the difference between UKOIL and USOIL. Aren't both more or less under OPEC? Or is only UKOIL OPEC? Anyhow, what I mean is there a chance that USOIL will be completely closed down for good like this. They clearly cannot produce atm. and need bailouts. But what are the chances that at some point they will shutdown US Oil completely? I mean all this fracking stuff has been a huge debt bubble anyways and haven't been as profitable as expected.

>> No.18572144

>>18572115
Oil & Gas ETFs

>> No.18572166
File: 110 KB, 1600x804, 1.png [View same] [iqdb] [saucenao] [google]
18572166

TUMBLING DOWN TUMBLING DOWN TUMBLING DOOOOOOOWWWWWNNNNNNN

>> No.18572168
File: 7 KB, 225x225, A763D628-CCF9-4E0F-B114-05175DD9EED2.jpg [View same] [iqdb] [saucenao] [google]
18572168

>>18572056
>How did it come to this?

>> No.18572229

>>18572089
Brainlet here: why does this happen?

>> No.18572230

Brainlet here. What does this mean? Isn't cheap oil good for other industries?
Can you buy some oil based tickets or something for cheap and sell it when it eventually goes up?
Is there some kind of inverse oil stock that goes up when oil is down?
Thanks

>> No.18572264

>>18572229
maybe bacause no one can drive anywhere and factories are slowing down?

>> No.18572267

>>18571581

How the hell do I profit off this without options or futures?

Is there an ETF that reflects the prices of oil?

>> No.18572357

>>18572264
retard

>> No.18572417
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18572417

>>18572166
>safest

>> No.18572437

... and this is why you never take stonk tips from anonposters who have been shilling oil stonks on /smg/ for the last month.
You don't get to say the rest of us didn't try to warn you. USO, GUSH and all your other meme plays will follow suit.

>> No.18572448

>>18571581
Buy now at $7.78!!!!

>> No.18572460
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18572460

>>18572417
kekekekek

>> No.18572469

>>18572437
so sell gush while green?

>> No.18572493
File: 102 KB, 600x600, 1577857855682.png [View same] [iqdb] [saucenao] [google]
18572493

>$5

>> No.18572530

>>18572448
you can buy now at $5.40

>> No.18572568

Lmao it’s going under zero today. What a time to be alive.

>> No.18572657

$4!

>> No.18572663

>bouncing at $4
GG

>> No.18572704

>>18572448
its a commodity bruh. stops and puts mein nigger. not worth it because of buy the dip faggots like you who dont understand the futures market who ruin it for every one else by pilling into shit

>> No.18572776

>>18572357
https://www.iea.org/reports/oil-market-report-march-2020
>Covid-19 (coronavirus) has spread beyond China and our 2020 base case global oil demand forecast is cut by 1.1 mb/d. For the first time since 2009, demand is expected to fall year-on-year, by 90 kb/d. In 1Q20, China’s demand falls by 1.8 mb/d y-o-y with global demand down 2.5 mb/d.
stfu faggot

>> No.18572802

WHAT

THE

FUCK

>> No.18572818

>>18571581
Kek My boomer big brother recently bought oil earlier this month. He’s probably rekt

>> No.18572831
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18572831

wheres this anon at

>> No.18572880

Wtf, it's not funny anymore. where's the bottom, unironically?

>> No.18572895

>>18572880
The bottom is world war 3

>> No.18572900

>>18572880
2$

>> No.18572903

>>18572880
negative prices
I'm not joking, the Canadians already are negative
RIP Alberta

>> No.18572907

is now a time to buy?

>> No.18572921

>>18572907
now is a time to die

>> No.18572926

>>18572900
It's so tempting to buy at 6

>> No.18572937

>>18571581
WHAT THE ACTUAL FUCK

IS THIS REAL?

>> No.18572943

>>18571855
wood bury

>> No.18572953

>4.04

>> No.18572954
File: 346 KB, 1906x965, OIL-PRICES COLLASPE.png [View same] [iqdb] [saucenao] [google]
18572954

>>18572937
ITS REAL

>> No.18572958

WE JUST HIT 5 AGAIN THE BOTTOM HAPPENED GET IN UNIRONICALLY

OR IRONICALLY

>> No.18572985

>>18572958
how can i buy this shit with bitcoin

>> No.18573007

>oil production takes time to scale down/shut down
>oil demand can vaporize instantly
yeah man, this is the bottom

>> No.18573009
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18573009

>>18572954
WTF

NO SURVIVORS???

>> No.18573015

Prices can get lower because the product is a liability for companies that already have purchase agreements that have no place to store the oil, so they need to pay people high rates to build silos and store it for them.

So yes you can even get negative oil prices

>> No.18573056
File: 96 KB, 700x394, D0FFF3B6-CBC4-4A06-8B02-F66BC3EB69F8.jpg [View same] [iqdb] [saucenao] [google]
18573056

>>18571581
Retard here. How do I buy USOIL?

>> No.18573072

>>18573015
>build silos and store it for them.
How quickly can that get done when the economy is locked down for a pandemic?

>> No.18573104

>>18572895
Unironically, this.

If this lasts we will have another world war.

>> No.18573105

glad i’m part of this, history

truly amazing

>> No.18573132

>>18571581
WHERE THE FUCK I CAN BUY?
PLS RESPOND
PLS RESPOND
PLS RESPOND
PLS RESPOND
PLS RESPOND
PLS RESPOND

>> No.18573163

>>18573132
wait a few more minutes and they'll pay you to take their oil

>> No.18573164

>>18573056
XOM will probably consolidate the US oil industry

>> No.18573219
File: 63 KB, 676x824, Untitled-54.jpg [View same] [iqdb] [saucenao] [google]
18573219

>>18573009

>> No.18573297

>>18571983
You know it yuromutt

>> No.18573337

>>18573219
lmao

>> No.18573345
File: 112 KB, 1024x768, pwjj.jpg [View same] [iqdb] [saucenao] [google]
18573345

3.9$

>> No.18573378
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18573378

$2

>> No.18573428

$3 this is absurd

>> No.18573441

>>18573428
Dipped below $3 for a second. This is amazing. Better than any movie released recently.

>> No.18573490

Unironically want to kill myself but too much of a pussy to do it. Life savings are gone. Please some take pity and kill me.

>> No.18573501
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18573501

NEGATIVE NEGATIVE NEGATIVE NEGATIVE NEGATIVE NEGATIVE NEGATIVE NEGATIVE NEGATIVE SKYKING ACTUTAL

>> No.18573504

>>18572831
fuck off

>> No.18573526

>>18573490
How much you lose?

>> No.18573561

How do i buy this. Where can i purchase it

>> No.18573562
File: 10 KB, 259x194, pwjjj.jpg [View same] [iqdb] [saucenao] [google]
18573562

2.3$

>> No.18573592

>>18573562
it doesn't matter oil stocks mooned today, look at oke, xom etc

>> No.18573610

>>18573592
>-87%
>he's defending this

>> No.18573615
File: 518 KB, 656x435, 082750286.png [View same] [iqdb] [saucenao] [google]
18573615

THE PLANE HAS CRASHED INTO THE GOD DAMNED MOUNTAIN

>> No.18573626

Imagine buying oil on Friday thinking "it's a sure bet" "how low can it go?" "I'll wait it out"

>> No.18573654

>>18573561
it's a contract that expires tomorrow
you're not buying actual oil that will go up a bunch in the next few months
decent oil companies are down 1-2%, some of the shitty ones are down 5%

>> No.18573684

What are you fags buying right now?

>> No.18573689
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18573689

IT'S THE END OF THE WORLD AS WE KNOW IT. CONSEQUENCES WILL NEVER BE THE SAME

>> No.18573704

Did you guys see that it went down to $2 flat

>> No.18573707

>>18573490
What are you holding? Most oil stocks not affected much

>> No.18573713
File: 1.82 MB, 1920x1080, Screenshot_20180417-191048.png [View same] [iqdb] [saucenao] [google]
18573713

>>18573626
Unironically me

>> No.18573725

>One fucking dollar
>1 point oh oh

>> No.18573735

If everyone wants to know what's going on like said before this oil contract is expiring. No one wants it. But the real story is this is warning you, future looks fuckin bleak. Tomorrow ull see oil at $22. Prob bounce around but we might fall back again to 3$ at the end of that contract. It's telling you market is fuckin dead. This is your warning

>> No.18573770

$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1

>> No.18573771
File: 114 KB, 750x437, 6780DCFA-7174-4174-94F8-303385FC1241.jpg [View same] [iqdb] [saucenao] [google]
18573771

OHHH

>> No.18573793
File: 170 KB, 850x1196, 1584009610273.jpg [View same] [iqdb] [saucenao] [google]
18573793

>>18573770
uso is down 7% and cfds you can buy are trading at 22-23

>> No.18573800
File: 11 KB, 200x200, 255E7C29-48A0-40C4-8356-66B4161849FC.jpg [View same] [iqdb] [saucenao] [google]
18573800

My friend works for some oil finance company. How fucked is he?

>> No.18573807

I don't get it why isn't this free oil being bought up? No one has physical storage space???

>> No.18573811

>That'll be 99 cents + tip

>> No.18573814
File: 23 KB, 432x432, 894346896698.jpg [View same] [iqdb] [saucenao] [google]
18573814

GO FILL UP YOUR CAR AND DRIVE AROUND! PLEASE! IT'S CHEAP! WE NEED TO USE THIS OIL! LET ME SEE THOSE CARS!

>> No.18573849

I'm gonna say it

>> No.18573868

Mfw I closed all my open positions seconds before Trading212 froze the instrument at $1

I made about 8000 pounds in the past 6 hours high off my skull as its 420

>> No.18573879
File: 31 KB, 567x512, argumentnotfound_2.jpg [View same] [iqdb] [saucenao] [google]
18573879

>>18573725
>>18573770
>>18573771
>ONE FECKING DOLLA
AAAAAAAAAAAAAAAAAAAHHHHHHHH

>> No.18573898

>>18573868
awesome job, how much did you started with ?

>> No.18573903

>>18573807
yes you would be buying something that has nowhere to go

>> No.18573906

Will this crash the entire market?

>> No.18573929
File: 736 KB, 277x150, 983749863948.gif [View same] [iqdb] [saucenao] [google]
18573929

>>18573906
THERES NOT EVEN GONNA BE A MARKET

>> No.18573933

Where the FUCK can europeans long this

>> No.18573936

Holy shit and you laughed at bitcoin being a shitcoin with no value. Look at your "valuable" asset now.

>> No.18573944
File: 116 KB, 750x434, A9005433-37BB-4284-B98F-1E53B0829957.jpg [View same] [iqdb] [saucenao] [google]
18573944

This is something else

>> No.18573948

>>18573906
yes, including crypto and gold

>> No.18573967
File: 279 KB, 360x270, 1584900162292.gif [View same] [iqdb] [saucenao] [google]
18573967

>>18573929
>>18573948

>> No.18573973
File: 145 KB, 646x700, 1554237926135.png [View same] [iqdb] [saucenao] [google]
18573973

and wallah just like that oil will never be below $1 per barrel ever again

>> No.18574015

>>18573933
don't do that, it's very very risky.
It could even go lower than zero today or some other day

>> No.18574018

OMEGALUL RESISTANCE AT $.99. STRAIGHT TO THE GALAXY'S END NOW

>> No.18574030

what shitcoin is this, I cant find it on cmc

>> No.18574044

>>18573973
fucking kek

>> No.18574046

>>18573973
Or, you know, it will never get that high ever again.
Think about it.
The barrel container is worth more than what's inside.

>> No.18574049

>>18574015
I don't care, where can I long it?

>> No.18574050
File: 19 KB, 567x405, bobo-face.jpg [View same] [iqdb] [saucenao] [google]
18574050

OIL BULLS ON SUICIDE WATCH

>> No.18574073

>>18572078
That post didn't age well

>> No.18574075

>>18573973
Good thing I witnessed this moment

>> No.18574082
File: 4 KB, 468x66, 1587403163063.png [View same] [iqdb] [saucenao] [google]
18574082

>>18574050
bobos have been bearish on oil since the start of April

>> No.18574100

>>18573973
haha

>> No.18574102

>>18574046
oil isn't measured/stored in actual barrels you fucking idiot lol

>> No.18574104

HOW DO I BUY INTO THIS SHIT FROM THE UK

>> No.18574108

>>18573973
this but unironically

>> No.18574112

>>18574082
based

>> No.18574115

>>18573973
based

>> No.18574135

>bulk bottled water cost more than WTI Crude

>> No.18574141

>>18574108
how'd that work out for you

>> No.18574153

>>18574141
ironically

>> No.18574155
File: 500 KB, 2048x1262, Screenshot_20200420-134614.png [View same] [iqdb] [saucenao] [google]
18574155

Capitalism should be illegal

>> No.18574163

OH GOD ITS DROPPING AGAIn

>> No.18574167

>>18574153
kek

>> No.18574180

>>18571581
holy chit
in other news it's my two-year anniversary of being a neet. such comfy, just enjoy yourselves anons~

>> No.18574182

WHAT DO I FUCKING BUY TO INVEST DIRECTLY INTO OIL YOU GOD DAMN FUCKING NIGGERS

>> No.18574184

>>18573944
What website is that?

>> No.18574203
File: 540 KB, 500x257, source.gif [View same] [iqdb] [saucenao] [google]
18574203

>>18574163

>> No.18574231

>>18574184
tradingview.com

>> No.18574263
File: 82 KB, 1200x436, Supertanker_AbQaiq[1].jpg [View same] [iqdb] [saucenao] [google]
18574263

>>18574182

>> No.18574288
File: 94 KB, 602x709, banter stops.jpg [View same] [iqdb] [saucenao] [google]
18574288

>put $10k into oil
>10k barrels turn up at your house

>> No.18574308

>>18574155
You can thank state taxes for that mainly.

>> No.18574329

>>18574288
Difficulty: You don't get any of the actual barrels.

>> No.18574331
File: 446 KB, 808x805, 1512950204623.png [View same] [iqdb] [saucenao] [google]
18574331

0.85
0.85
0.85
0.85

>> No.18574334

It's literally a
NO DIGIT BARREL
now

>> No.18574337
File: 932 KB, 175x131, 1351284340879.gif [View same] [iqdb] [saucenao] [google]
18574337

all these spergs thinking they can long barrel for 99 cents that is the absolute quality of smg now

>> No.18574340

Soon you’ll get paid to take delivery and will still lose money over the long term, based

>> No.18574347
File: 78 KB, 750x330, 84193BCF-D806-428A-89D9-0A21072F542C.jpg [View same] [iqdb] [saucenao] [google]
18574347

Watch it hit negative today

>> No.18574353
File: 202 KB, 670x481, 985.jpg [View same] [iqdb] [saucenao] [google]
18574353

>>18574288
wtf this just flew over my house

>> No.18574362

>>18573973
not anymore

>> No.18574371
File: 93 KB, 2184x1164, HG9ON5r.png [View same] [iqdb] [saucenao] [google]
18574371

Look at the all-time log chart

>> No.18574372

Good. Time to bring back the V12 engines.

>> No.18574376

>>18574337
they'll buy USO and lose 50%, because they don't understand what rollovers are.

>> No.18574382

>>18574347
LMFAO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

>> No.18574399

>>18573933
I was just about to buy USO on etoro but just learned deposits can take 3-7 days to reach the platform, fuck that shit.

>> No.18574413

>>18574155
she just thinks barrels grow on trees

>> No.18574414

0.54

>> No.18574415

>>18574372
Time to dig out the chevy big block again

>> No.18574422

PEOPLE WERE LAUGHING AT CHAINLINK WHEN IT CRASHED TO 0.00001 HAHAHAHAH
WHOS LAUGHING NOW JHAHAHAHAHHAHAHAHHA

>> No.18574424

>53 cents
OH NO NO NO NO NO NO HAHAHAHAHAHAHAHA

>> No.18574429

can someone tell me what the actual fuck is going on? who's behind this?

>> No.18574448
File: 260 KB, 386x445, 1570118905093.png [View same] [iqdb] [saucenao] [google]
18574448

>50 cent

>> No.18574464

BULLISH DIVERGENCE ON THE 1 MINUTE

>> No.18574469
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18574469

>>18574429

>> No.18574470

>>18574429
me

>> No.18574477
File: 15 KB, 573x308, bresh2.png [View same] [iqdb] [saucenao] [google]
18574477

Brehs its over

>> No.18574485
File: 147 KB, 412x409, Scared pepe3.png [View same] [iqdb] [saucenao] [google]
18574485

Will it reach 0$? I've heard a few times this could happen

>> No.18574487

>16 fucking cents

>> No.18574493

>>18574371
How is it gonna make it back without a war? Serious question

>> No.18574498

>>18574371
>all of this
>because a scientist in bumfuck nowhere in china got a piss bukkake from a bat while studying a vaccine for aids
How are you going to explain this to your kids, 30 years from now?

>> No.18574501

It dropped to 17 cents

>> No.18574512
File: 89 KB, 900x900, down_in_flames.jpg [View same] [iqdb] [saucenao] [google]
18574512

>>18574347
It's all ogre now.

>> No.18574513

>>18574464
it hit 0.16

>> No.18574520
File: 40 KB, 676x593, 1559276483594.png [View same] [iqdb] [saucenao] [google]
18574520

>0.17

>> No.18574532
File: 81 KB, 960x540, rockefeller_grimace.jpg [View same] [iqdb] [saucenao] [google]
18574532

>>18574331
A barrel of oil hasn't been this cheap since the 1930's

>> No.18574540
File: 6 KB, 225x224, 1521722928440.jpg [View same] [iqdb] [saucenao] [google]
18574540

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA NO I HAVE SO MUCH INVESTED IN CRUDE OIL NO NO NO NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

>> No.18574545

>>18574485
World War 3 unironically

>> No.18574547
File: 17 KB, 823x289, 3HqlNG3.png [View same] [iqdb] [saucenao] [google]
18574547

>> No.18574549

>FREE

>> No.18574565

Should I buy it now?

>> No.18574566

ZERO LADSSSSSSS

>> No.18574573

Z E R O

>> No.18574581

>>18574485
>>18574547
kek

>> No.18574585
File: 814 KB, 769x886, 5688866.png [View same] [iqdb] [saucenao] [google]
18574585

>1 cent

>> No.18574586
File: 84 KB, 436x425, 1578907265584.png [View same] [iqdb] [saucenao] [google]
18574586

>actually 0

>> No.18574593

>>18574477
I want my own oil barrel. Just to have it around my house. How can I get one?

>> No.18574597
File: 21 KB, 450x532, 1343713307050.png [View same] [iqdb] [saucenao] [google]
18574597

>> No.18574612

0IL

>> No.18574638

>Buy at zero
>Sell at anything above that
>Easy infinite X
Why aren't you doing this?

>> No.18574641
File: 42 KB, 1030x502, 98787.jpg [View same] [iqdb] [saucenao] [google]
18574641

ONE CENT

>> No.18574656

IT ALL RETURNS TO NOTHING
IT JUST KEEPS TUMBLING DOWN
TUMBLING DOWN
TUMBLING DOWN

>> No.18574657
File: 27 KB, 640x430, Teddy_Roosevelt_Laughing.jpg [View same] [iqdb] [saucenao] [google]
18574657

>>18571581
>$0.25 a barrel
Sorry, I meant the 1900's. Kek

>> No.18574669

>>18574638
How do you buy? Stocks aren't moving proportionally.

>> No.18574671
File: 80 KB, 700x500, LOL-OIL.jpg [View same] [iqdb] [saucenao] [google]
18574671

>> No.18574677
File: 10 KB, 317x267, kekoverload.jpg [View same] [iqdb] [saucenao] [google]
18574677

>>18574547

>> No.18574678
File: 7 KB, 231x218, frg4.jpg [View same] [iqdb] [saucenao] [google]
18574678

$0.00!!!!!!!!!!!!!!!!

>> No.18574687

just bought the entire worlds supply of oil for $0 AMA

>> No.18574696
File: 5 KB, 230x68, oil2.png [View same] [iqdb] [saucenao] [google]
18574696

IT HIT 1 CENT I CAN'T POST THE SAME PIC TWICE

>> No.18574707

>paying extra to get rid of your oil
wew

>> No.18574710
File: 179 KB, 400x225, FASTER kaede.gif [View same] [iqdb] [saucenao] [google]
18574710

>Closes at cero
>either win infinte percent or lose infinite percent

>> No.18574712

>>18574671
>explodes

>> No.18574722
File: 118 KB, 1280x720, 1496766283091.jpg [View same] [iqdb] [saucenao] [google]
18574722

THEY DO IT FOR FREE

LITERALLY WITHOUT FINANCIAL COMPENSATION

>> No.18574731

WHO DO I RING TO ORDER $0 OIL

>> No.18574737

how do I claim my 0$ oil?

>> No.18574774

>oil worth less than shitcoins shilled on this board
HAHAHAHAHAHAHA

>> No.18574777
File: 42 KB, 506x900, ZERO.jpg [View same] [iqdb] [saucenao] [google]
18574777

I'll have one barrel, please

>> No.18574780
File: 578 KB, 680x778, 1554238329753.png [View same] [iqdb] [saucenao] [google]
18574780

and wallah just like that oil will never be below $0 per barrel ever again

>> No.18574789

FREE OIL EVERYONE

>> No.18574801

>>18572818
How does one buy oil? With it this low I want to get in..

>> No.18574805

This doesn't show up in my robinhood search what am I doing wrong?

>> No.18574807
File: 1.24 MB, 851x851, 1482123714824.png [View same] [iqdb] [saucenao] [google]
18574807

>oil for FREEEEEEE

>> No.18574813

>>18573898
Went in with 6k, ended up with 14k, just furiously slamming sell as it plummeted and collecting $$

Not a bad afternoon eh

>> No.18574818

>>18574731
consult with jannie

>> No.18574819

>>18574801
do you have a tanker?

>> No.18574830
File: 42 KB, 562x437, 001.jpg [View same] [iqdb] [saucenao] [google]
18574830

>>18574780

>> No.18574833

It's almost there again

>> No.18574847

free oil
>free oil
free oil
>free oil

>> No.18574853

OILFAGS BTFO

OIL IS FUCKING DONE FOR

>> No.18574882

MY FUCKING SIDES

>> No.18574883
File: 183 KB, 1190x1114, 1512875328076.jpg [View same] [iqdb] [saucenao] [google]
18574883

>>18571581
I BOUGHT AT 1 CENT!!! IT'S GONNA BE OK RIGHT????!!!!! REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!!!!!!!

>> No.18574896

OIL exit scam confirmed.

>> No.18574898

OK HELP.

I want to buy. What application do I use to buy.

Am I buying stocks in WTI CRUDE or what. what do i buy

>> No.18574905

Can even oil futures go negative? What happens to the log charts trying to display that?

>> No.18574911

>>18574853
Doesn't this mean that our currency is worthless since oil was the only commodity backing it?

>> No.18574918

>>18574155
Why doesn't she just buy a barrel of oil and refine it herself??

>> No.18574920

Can the WTI contract actually fall below $0? Doesn't look like it lmao

>> No.18574929

>>18574898
Do you live in the US? If not chances are you are out of luck and it's impossible to buy.

>> No.18574939

>>18571855
>need 7000$ worth of solarpanels to match a 8$ barrel of oil

greta is a fucking idiot

>> No.18574956

>>18574898
You are buying future production of Texan oil, hope you have a big pool to store it.

>> No.18574959

https://www.etoro.com/markets/uso
Should I buy this one?

>> No.18574961

Is....is it safe to say it's hit the bottom yet?

>> No.18574963

>>18574883
SELL

>> No.18574970
File: 72 KB, 1024x660, 1585550234756.jpg [View same] [iqdb] [saucenao] [google]
18574970

>>18574911

>> No.18574971
File: 27 KB, 645x646, oil.jpg [View same] [iqdb] [saucenao] [google]
18574971

>exit scams you

>> No.18574978

>>18574898
can you take delivery of oil? only the may futures contracts are crashing because they roll over tomorrow. and nobody has storage to take oil

>> No.18574987

>>18574929
I live in the US

>> No.18574995

>>18574961
>Is....is it safe to say it's hit the bottom yet?
no

>> No.18574998

>>18574959
>literally called OIL
You didn't even try did you?

>> No.18575003
File: 87 KB, 700x438, career-salary-guide-blog[1].jpg [View same] [iqdb] [saucenao] [google]
18575003

HE DOES IT FOR FREE

>> No.18575023

>>18574995
WERE GOING NEGATIVE BY THE END OF THE HOUR. BUY! BUY! BUY!

>> No.18575026

>>18574819
Uh no, I thought people were buying ETFs or something

>> No.18575029

ZERO DOLLARS LMAO

>> No.18575046

>>18574998
I'm a total noob man

>> No.18575065
File: 54 KB, 1217x407, cheapoil.jpg [View same] [iqdb] [saucenao] [google]
18575065

>>18571581
WTF IS GOING ON?!

HOW DO I PROFIT FROM THIS?!

>> No.18575071

Serious question, why aren't other oil grades also falling as much? Sure, it may be harder to refine WTI than brent crude or whatever, but does that outweight getting the oil for 99% cheaper?

>> No.18575072
File: 59 KB, 395x401, laugh8.jpg [View same] [iqdb] [saucenao] [google]
18575072

>Stuck in 0.01$

Did it broke?

>> No.18575099

The fuck, was trading halted? Can it be halted?

>> No.18575105

Good thing I have no shares in oil
Anyway how much should I put in Norwegian Cruises?

>> No.18575106

>-1.43
OH NOOOOOOOOOOO

>> No.18575126
File: 307 KB, 1261x637, IaXamIh.png [View same] [iqdb] [saucenao] [google]
18575126

>> No.18575130

34 cents for a barrel of crude hole E fuck

>> No.18575131

>Can literally afford your mom with a single barrel
we live in a society.

>> No.18575144

>>18575072
HAHAHAHA
>>>18574920

>> No.18575163
File: 1.37 MB, 720x480, 1585087070991.gif [View same] [iqdb] [saucenao] [google]
18575163

>>18571581
NINETY CENTS
>NINETY CENTS
NINETY CENTS
>NINETY CENTS
NINETY CENTS
>NINETY CENTS

>> No.18575188

>>18575071
because this drop is about futures pricing of WTI. it rolls over from may to june tomorrow, brent is already trading on the june contract. we're in a contango situation where the front end of the delivery curve is heavily discounted because nobody wants to actually take delivery of physical oil because of a lack of storage

>> No.18575228
File: 13 KB, 646x117, sdfasa.jpg [View same] [iqdb] [saucenao] [google]
18575228

oh no

>> No.18575229

>>18575106
screenshot?

>> No.18575232

Trading View please show me how deep it’s in the negative

>> No.18575236

Can I get paid for buying oil ?

>> No.18575243

>tfw european

>> No.18575265

>>18575236
if you can take delivery, yes

>> No.18575277
File: 52 KB, 347x385, 4388093.jpg [View same] [iqdb] [saucenao] [google]
18575277

>>18574911
>he doesn't know about the eurodollar cd futures market

>> No.18575279
File: 603 KB, 1036x919, bobo.jpg [View same] [iqdb] [saucenao] [google]
18575279

.01

>> No.18575282

imagining how many people lost thousands or even millions today makes the pee pee diamonds

>> No.18575310

So is the reason that tradingview has stopped responding that the system are literally unable to show negative prices?

>> No.18575312
File: 29 KB, 518x520, file.png [View same] [iqdb] [saucenao] [google]
18575312

>> No.18575329

>>18575071
brent is easier to get onto tankers, wti is stuck in texas/oklahoma

>> No.18575332
File: 32 KB, 716x724, 1557360349235.jpg [View same] [iqdb] [saucenao] [google]
18575332

>>18575282

>> No.18575335

>>18574337
okay, why can’t you long oil at, say $0.01 and make money?

>> No.18575344
File: 25 KB, 973x423, Screenshot_2020-04-20 pol - OIL HIT 2 DOLLARS - Politically Incorrect - 4chan.png [View same] [iqdb] [saucenao] [google]
18575344

>>18574485

>> No.18575350
File: 240 KB, 480x415, 1510321212621.jpg [View same] [iqdb] [saucenao] [google]
18575350

>>18571581
>WTI
It is the US and Canadian oil markets that are suffering because you can't stop producing oil when you do fracking.

Goodbye american shale oil

>> No.18575351
File: 178 KB, 2530x1325, 9QN0UWE.jpg [View same] [iqdb] [saucenao] [google]
18575351

>>18575188
I see, thanks

>> No.18575357

>>18575163
Absolute madmen

>> No.18575360

>>18575228
OH NO NO NO. FUTURES EXCHANGE POLICE ARE GOING TO BEGIN HUNTING DOWN THE LONGS AND FORCING THEM TO PAY

>> No.18575368

BUYING BARRELS

>> No.18575381
File: 2 KB, 125x125, Scared4.jpg [View same] [iqdb] [saucenao] [google]
18575381

>>18575312
Are you fucking kidding me

>> No.18575417

its stuck at 0.1 did it break?

>> No.18575444

>>18575312
Bruh just turn it off already

>> No.18575446

>>18575312
We are in endgame now.

>> No.18575451
File: 34 KB, 562x574, file.png [View same] [iqdb] [saucenao] [google]
18575451

>> No.18575459
File: 338 KB, 500x500, 1587368270675.png [View same] [iqdb] [saucenao] [google]
18575459

woman here. I found out about this on Twitter trending. How bad is this really? It's just one oil company that's being hit this hard, right?

>> No.18575463

>>18575312
How does the funding behind this even work? you get paid to buy?

>> No.18575490
File: 225 KB, 480x320, what.gif [View same] [iqdb] [saucenao] [google]
18575490

>>18575451

>> No.18575496

>>18575312
what site is this? tradingview cant handle negative prices

>> No.18575501

>>18575459
Nope, this means WW3
Nukes will be flying tomorrow

>> No.18575507

>>18574920
It's -$3, TV just doesn't seem to show anyhting below 0

>> No.18575519

>>18575451
Where is this graph

>> No.18575523

>>18575459
tits or gtfo tranny

>> No.18575532

>>18575451
KEEP

GOING

>> No.18575538

>>18575496
Yeah ll websites I visit are broken or stuck at 0.01$

>> No.18575544

>>18575451
Can't stop, won't stop.

>> No.18575550
File: 1.01 MB, 1358x782, negoil.png [View same] [iqdb] [saucenao] [google]
18575550

>> No.18575553

>>18575451
Link please

>> No.18575555

>>18575459
>>18575188

>> No.18575566

>>18575459
America and Canada are permanently fucked, which means war will be the only way out

Should have settled down instead of riding the cock carousel.

>> No.18575576

N E G A T I V E

>> No.18575585

>>18574995
>>18575023
HOW THE FUCK CAN IT GO NEGATIVE?

>> No.18575592

>>18574918
>>18574413
>she

>> No.18575607

>>18575463
You are being paid to store future production of oil since the pumps can't stop and there is nowhere to put it.

>> No.18575624

>>18575585

Gotta pay someone to take your oil away since the storage tanks all all full

>> No.18575643
File: 60 KB, 760x494, Screenshot_20200420-131848.png [View same] [iqdb] [saucenao] [google]
18575643

>>18571581
HOLY FUCKING SHIT

>> No.18575645

>>18575555
I thank you, but I really don't understand what that post means. sorry

>> No.18575647

Thread theme
https://www.youtube.com/watch?v=ZeMlQEWEg2Q

>> No.18575649

>>18575451
i can't stop watching

>> No.18575651

>>18571581
Time for obligatory thread theme:

https://www.youtube.com/watch?v=GdGpLRIqQng

>> No.18575652

>>18575585
You're offering money for someone to take the delivery off of you as you can't store it.

>> No.18575654

>>18575585
Storage cost outweighs value

>> No.18575657

we are all in the endgame friends. repent to the almighty KEK!

>> No.18575674

>>18575585
They pay you to take away the oil. Yes, literally.

>> No.18575675

where to get real time data? Tradingjew is delayed 10 minutes

>> No.18575677
File: 353 KB, 2082x1644, Screen Shot 2020-04-20 at 11.19.58 AM.png [View same] [iqdb] [saucenao] [google]
18575677

0.01 USD
>0.01 USD
0.01 USD
>0.01 USD
0.01 USD
>0.01 USD
0.01 USD
>0.01 USD
0.01 USD
>0.01 USD
0.01 USD
>0.01 USD
0.01 USD
>0.01 USD

>> No.18575690

>>18575335
because the price you are seeing is only on the may futures contract of WTI oil. it expires tomorrow. to make money on buying it now, you need to either sell it to someone else for a higher price before tomorrow OR literally take delivery of oil and store it until you can sell the physical product for a higher price

>> No.18575700

>>18575585
It cost money to stop the production
It cost money to store and storage are fucking FULL.

=> negative price.

>> No.18575703

>>18575550
How come EVERY single image of these commentators look like they're in pain?

>> No.18575705

>>18575677
it's actually -$7

>> No.18575707

>>18575645
Just google every term you don't understand on these threads and it will all make sense in two weeks. Also, get ready for war.

>> No.18575710
File: 506 KB, 250x141, e72 gtfo.gif [View same] [iqdb] [saucenao] [google]
18575710

>>18575451
shit

>> No.18575722
File: 2.77 MB, 1920x1080, abc 12037210731280.png [View same] [iqdb] [saucenao] [google]
18575722

>> No.18575723
File: 931 KB, 1354x766, oil-1.png [View same] [iqdb] [saucenao] [google]
18575723

>> No.18575750
File: 41 KB, 480x360, 1468689050937.jpg [View same] [iqdb] [saucenao] [google]
18575750

>>18575451
THEY LAUGHED AT US CRYPTO SHITTERS
BUT AT LEAST OUR SHITCOINS CANT GO NEGATIVE KEK

>> No.18575756
File: 84 KB, 501x591, file.png [View same] [iqdb] [saucenao] [google]
18575756

>TA fags

>> No.18575771
File: 101 KB, 640x480, C76D6298-E0F1-4269-8EA4-196BF2F42BC8.jpg [View same] [iqdb] [saucenao] [google]
18575771

>>18575723

>> No.18575773

>>18573936
Oil is useful, it doesn't matter if it's 1cent or 100 dollars, it's still useful.

Enjoy running cars and producing stuff with your shitcoin.

>> No.18575778

>>18575451
lol, how does that even make sense

>> No.18575782

Any website that can handle negative values so I can watch this fuckfest live?

>> No.18575797

>>18573105
How is the time for us to get rich but idk how anon

>> No.18575823

>>18575756
fucking howlling

>> No.18575824
File: 49 KB, 775x837, 1517591602383.jpg [View same] [iqdb] [saucenao] [google]
18575824

>>18575501

>> No.18575827

>>18575677
lmao

>> No.18575831

>>18575782
https://www.livenewsnow.com/american/cnbc-america.html

>> No.18575839

Jannies are paid in oil now

>> No.18575843
File: 93 KB, 226x273, Screenshot 2020-04-20 at 19.23.41.png [View same] [iqdb] [saucenao] [google]
18575843

>>18575771

>> No.18575853

>>18575797
I'm clueless on this as well

>> No.18575858

>>18573735
How do I make profit off this?

>> No.18575859

It was totally worth it to crash the world economy to save the boomers, right?

>> No.18575874

>>18575677
tradingview halted the data, bloomberg are talking about -1.98$

>> No.18575879

>>18575756
LOL this dude got obliterated

>> No.18575881

>S&P 500 COLLAPSING

>> No.18575887
File: 144 KB, 282x382, 1587406979957.png [View same] [iqdb] [saucenao] [google]
18575887

>>18575771

>> No.18575923
File: 35 KB, 396x388, suicide.jpg [View same] [iqdb] [saucenao] [google]
18575923

>>18575451
UNLIMITED LOSSES

>> No.18575933
File: 2.70 MB, 1920x1080, 1142.png [View same] [iqdb] [saucenao] [google]
18575933

>> No.18575938
File: 421 KB, 792x447, wojakoil.png [View same] [iqdb] [saucenao] [google]
18575938

>>18575771

>> No.18575960

>>18575756
>the virgin TA vs. The Chad reality

>> No.18575966

>wait until -100k
>buy 10 barreks
We're gonna make it

>> No.18575983

>>18575459
You sweet beautiful child........

>> No.18575985

>>18575938
based

>> No.18575991

>>18575933
funniest shit I've seen in a long time

>> No.18575993

>>18575771
Does this mean Trump will earn money buying OIL reserves?

>> No.18576020

-15$ AY CARUMBA

>> No.18576082

>>18575843
Face a man who sold his shares in February

>> No.18576117

>>18575966
-100,000 EOD

>> No.18576139

wtf is basically goin on

>> No.18576153
File: 72 KB, 242x186, makeitstop.png [View same] [iqdb] [saucenao] [google]
18576153

>> No.18576168

So how does this work anyway?
Who's paying for the delivery? How much would that realistically be?

>> No.18576171

>>18575993
No, the cost of extraction refinement and storage heavily outweigh anything

>> No.18576199
File: 10 KB, 231x218, images (3).jpg [View same] [iqdb] [saucenao] [google]
18576199

>>18576153
Holy shit. we are witnessing the end of the petro dollar

>> No.18576227
File: 95 KB, 640x630, F911F10C-C4A6-4CA8-A1E6-F32738B6EE4F.jpg [View same] [iqdb] [saucenao] [google]
18576227

>>18576153
It’s over

>> No.18576233

>>18576153
this cant be real where is the chart

>> No.18576238

>>18576153
It keeps going down faster and faster
Last hour to get rid off that option shitcoin
I wonder if we hit -1000%

>> No.18576244

>>18575703
They losing money. Probably thought we reached the bottom last week and that it would go up with trump opening up the economy

>> No.18576245
File: 103 KB, 640x480, 3487369A-77F8-431C-A5E7-6AD08D164572.jpg [View same] [iqdb] [saucenao] [google]
18576245

>>18575938
Went to negative 40 dollars. Got this pic.

>> No.18576252
File: 436 KB, 840x859, 170-kb-png-angry-pink-wojak-11563399195ryigybu2uf.png [View same] [iqdb] [saucenao] [google]
18576252

>>18576139
Prepare your pink wojaks, it's happening

>> No.18576292

why wouldnt you want those barrels in your backyard tho?

>> No.18576302

>>18576233
Fox business. None of the charts show it now.

>> No.18576305

what in gods fuck is this shit? is this a historical event?

>> No.18576343

>>18576245
WHAT A UNIT

>> No.18576365

GIVE ME A FUCKING CHART

>> No.18576368

>>18571822
rekt

>> No.18576389

>>18576292
Yes the fuck I do

>> No.18576399

>>18576365
CL1!

10 min delay

>> No.18576410
File: 326 KB, 1920x1080, lmfao.jpg [View same] [iqdb] [saucenao] [google]
18576410

>closed at $ -35

>> No.18576439
File: 15 KB, 348x303, over.jpg [View same] [iqdb] [saucenao] [google]
18576439

>>18576139
The end.

>> No.18576440

>>18576292
because you don't get any physical barrels. "barrel" is the amount of oil. you need to provide transport and storage

>> No.18576517

>>18576440
Can I store oil in plastic bags?

>> No.18576531
File: 261 KB, 1200x1200, 1584325009361.jpg [View same] [iqdb] [saucenao] [google]
18576531

>> No.18576548
File: 66 KB, 916x910, fat pep.jpg [View same] [iqdb] [saucenao] [google]
18576548

>>18576517

>> No.18576554

>>18572704
Lol just hold, faggot.
Buy the dip and hold.

>> No.18576582

>>18576517
No plastic is hydrocarbons, it would dissolve
>like dissolves like
You could store plastic bags in oil though

>> No.18576593

Thread theme:
https://www.youtube.com/watch?v=zjedLeVGcfE

>> No.18576592

Ok so what is the june contract trading at?

>> No.18576659

CRYPTO IS DUMPING RIGHT NOW.
IT'LL BE DOWN AT LEAST 20% DOWN BY TOMORROW MORNING.
SECURE YOUR PROFITS IF YOU HAVE THEM.
SHORT SHORT SHORT

>> No.18576705
File: 77 KB, 1576x930, Capture.jpg [View same] [iqdb] [saucenao] [google]
18576705

>> No.18576708

>>18576592
Last time I checked it was $18

>> No.18576721

>>18576592
$20

>> No.18576729

>>18576708
>Last time I checked
And when was what?

>> No.18576730

>>18573654
Lowest xom went was 30 and its now past 40.
Shill.

>> No.18576736

BITCOIN $6600 INCOMING

>> No.18576742

>>18576593
CLOWN WORLD
>CLOWN WORLD
CLOWN WORLD
>CLOWN WORLD
CLOWN WORLD
>CLOWN WORLD
CLOWN WORLD
>CLOWN WORLD

>> No.18576743

>>18575003
Underrated
>he pays to do this

>> No.18576751

>>18576721
>>18576708
Why do they think it will be so much easier to store/deliver the oil in june vs may?

>> No.18576773

Sorry for the all caps btw.