/biz/ - Business & Finance

[Anonymous No.18285761]

So /biz/? What happens with oil!?

[Anonymous No.18285921]

Petrodollar collapses and price of oil drops to 10

[Anonymous No.18286014]

>>18285761
Get ready for a 25% down day in OIL starting with futures dumping on open promptly at 6pm EST Sunday night. This will be a primer for the next leg down in the markets that will likely continue all week long. May hit new lows this week.

[Anonymous No.18286061]

>>18285921
>>18286014

I you are both probably right. I'm want to go long on oil but until they cut production it's going to be tough. Maybe SCO until end of the week?

[Anonymous No.18286075]

>>18286014
>Get ready for a 25% down day in OIL starting with futures dumping on open promptly at 6pm EST Sunday night. This will be a primer for the next leg down in the markets that will likely continue all week long. May hit new lows this week.

absolutely based

[Anonymous No.18286103]

This is exactly what I was hoping for. Monday is going to be fucking cataclysmic Jesus fuck.

[Anonymous No.18286121]

>>18286103
I'd hope so, fuck jerome hopefully he doesn't pump the market.

[Anonymous No.18286143]

>>18285921
>>18286061
I’ve got to come clean. I’ve been shorting the oil industry and the overall market since late January. So I’ve got my own motives.

[Anonymous No.18286180]

>>18286014
This, but don't bet on trends in the market. I've been fucked by the US Government too many times because they're seeing what you're seeing, and there's no way to tell where they're going to step in. Do not trade indexes, and if you're not already shorting oil now, it's going to react faster than you can as a pleb retail investor.

Do you research and figure out where precisely where a supply increase in FOREIGN PRODUCED OIL is going to hit hardest, and make your trades at opening bell because the effects on equity will be slightly delayed.

[Anonymous No.18286206]

>>18285761
Like what happens all the time.
Look, markets did a brutal correction, everybody is angry, oil got cheap, gasoline got cheap, but somehow media is trying to convince you all - that cheap oil is bad for you, I mean, it's really really bad, you will get cheap gasoline. CAN YOU FUCKING IMAGINE PEOPLE WILL GET CHEAP GASOLINE??? IT FUCKING CAN'T BE. NOOO!
You see, in the light of market correction all there is to blame now is Saudi and Russia broken friendship. You are being spooned - "Saudi vs Russia caused markets crash and million of jobs lost. "
>Know your spoon feeder, he doesn't like cheap gasoline, you can't get cheap gasoline.
Terrific

[Anonymous No.18286310]

>>18286206
I mean cheap gas at the pump is great, but you cannot honestly believe that OPEC and Russia want cheap oil. Russia has already stated they want at least 42 a barrel, Texas has committed to at least 30. I think there is a deal that will be made but it hinges on agreements across all producers. If they find one, oil will go up to at least 30 and longer term back to normal levels I'm betting

[Anonymous No.18286329]

Oh I'm so glad I shorted exxon and chevron after the trump tweet pump!

Only 100 shares short each though, I'm a pussy.

[Anonymous No.18286472]

>>18285761
>Governments and private industry negotiating to set prices
>"free" market

[Anonymous No.18287213]

Oil is now only used for plastic products and we start using other energy sources