Where is oil’s price going?

[Anonymous No.18409820]

If they wrap up this virus hoax by May will the price of oil soon rise with demand?
>What does the OPEC deal production cut mean?

Is there any way to understand oil prices without relying on financial “news” speculation and lies?

[Anonymous No.18409886]

>>18409820
>assuming biz knows shit about something

[Anonymous No.18409911]

I would be careful, where there's speculation there's a lot of stop loss hunters, so price can move brutally up and down until all the fags are dead.

[Anonymous No.18409922]

>>18409886
>>assuming biz knows shit about something

I get like this half way through.
I remember when people thought the internet would lead to a democratization and meritocratic rise on truth and intelligence.

[Anonymous No.18409923]

>>18409820
its going negative anon.

Lock down continues and Russia will pump
https://www.pbo-dpb.gc.ca/web/default/files/Documents/Reports/RP-1920-033-S/RP-1920-033-S_en.pdf

[Anonymous No.18409947]

>>18409922
Meritocracy is a complete meme, even intelligent answers move into this board like in a chart

[Anonymous No.18409949]

>>18409922
>I get like this half way through.

I mean I thought this halfway through posting. I’m phone posting. Autocorrected me.

[Anonymous No.18409991]

>>18409923
With great falls come great spikes. Oil has already bottomed. Russia, saudi and the other opec nations are not about to collapse their biggest income streams. We may dip below 20 on a bad day, but oil contracts already point to 36 a barrel by end of summer. Im all in on XOM, MRO and HAL

[Anonymous No.18409998]

>>18409820
This week in particular has exposed how retarded and mentally underaged this board is. From the "curve is flattening in the us" tards and the amount of retards that bought oil at its weekly top, jesus christ fuck this board.

Trying to get you faggots to be careful with your money is a lost cause.

The truth is it will MOST "PROBABLY" go down to $19 to sweep the lows before it ever goes up to 50 again, and thats not taking into account that storage will probably fill up.

[Anonymous No.18410001]

>>18409991
If you're in it for the LONG game you will stand to make a nice profit. If you are day trading oil, nothing can save you.

[Anonymous No.18410006]

>>18409923
Russia agreed to stop pumping why do you shill this

[Anonymous No.18410021]

>>18409923
Tl;dr

[Anonymous No.18410031]

>>18409998
of course it will sweep the lows again. And then it will moon back to 50 by 2022. oil is a long game now not a short term game. Pick the best companies, with the most support and best balance sheets, and ride it out like a man. Being a bitch will not make you money.

[Anonymous No.18410032]

>>18410006
ur full of shit. source anon

[Anonymous No.18410059]

>>18409991
Hahahaha

If you think oil has bottomed before US agrees to deal with SA you're delusional.

If US doesn't agree, SA will continue to flood. You seem a little geopolitical ignorant. They tried to kill us shale a few years ago and slipped up. Now with the pandemic, lack of demand and the stronghold they have on the rest of the world they aren't giving up easily this time. They are in it for the long haul.

I guarantee oil will drop lower before making any substantial gains

[Anonymous No.18410076]

>>18410021

U retards abandoned ur last thread thread after i asked for a source.

Ima take that as a Short signal thx for the tip.

[Anonymous No.18410085]

>>18410032
Everyone except Mexico agreed to an oil deal, every country should just embargo that fucking backwater place

[Anonymous No.18410086]

>Where is oil’s price going?

Pic very related!

[Anonymous No.18410090]

>>18410059
Thats what I just said you moron. "Oil will sweep the lows again and then it will moon back to 50 in two years time"...oil is a LONG game.

[Anonymous No.18410100]

https://www.pbo-dpb.gc.ca/web/default/files/Documents/Reports/RP-1920-033-S/RP-1920-033-S_en.pdf

My source is Canada. Prove me wrong. I already know Russia has prepared for this and will pump for over a year. they are not negotiating.

[Anonymous No.18410115]

>>18410100
Tariffs will fuck russia harder than George soros fucked your shitty currency

[Anonymous No.18410159]

>>18410115
https://www.youtube.com/watch?v=aV7dDc1yc6A

Jazeera knows whats up.

Fuck ur CNN fake news bullshit. no one believes american news

[Anonymous No.18410297]

>>18410085
Canada did not agree

US did not agree.

Only countries do agree seem to be part of opec and are listening to SA instructions.

>>18410090
Cool story bro. Enjoy your red day tomorrow

[Anonymous No.18410353]

>>18410297

Fake news posters are bear signals lol

Why do they make it so easy for us.... obviously jews want us to but their bags.

[Anonymous No.18411052]

>>18409820
Oil won't rise ever again, too many people probably stacked the shit out of it, you can find oil even under your bed now.

[Anonymous No.18411063]

>>18411052
lol okay

[Anonymous No.18411847]

I feel neither love nor hate, it is as if I felt a void.

[Anonymous No.18412009]

>>18411847
What app is that

[Anonymous No.18412011]

You guys all fail to realize or factor in that literally the world is shut down and will continue to be so for awhile. Ok, they agree on cuts, do you know how much oil the world uses on average a day? Do you know how much we are pumping? How much cost per country to pump, etc etc. Why do u think that oil popped then dropped after the meeting? After you digest the numbers you realize nothing was done. Nothing. Oil is a rough as shit to trade, a lot of factors go into it.

[Anonymous No.18412080]

>>18411847
That isn't even enough money to care about no wonder you are intentionally throwing it away

[Anonymous No.18412102]

>>18412009
Etoro

[Anonymous No.18412486]

>>18409820
>May will the price of oil soon rise with demand?
No. Supply was already too much prior to the virus. Price isnt going to go up for a while.

[Anonymous No.18412569]

>>18410297
show your account, if you even have one, its sub 2k RH fag I can tell you talk like a poorfag zoomer

[Anonymous No.18412630]

>>18409820
us maybe cut 2-3m b/d
canada maybe cut 1m b/d
norway says they'll cut
petrobras already cut 200k
us spr max fill rate is 225k b/d
i have no clue what any of this means.

[Anonymous No.18412701]

>>18409820
The fall in oil prices has nothing to do with the virus.

[Anonymous No.18413185]

>>18412701
reduced demand with increased production has a lot to do with prices

[Anonymous No.18413204]

>>18413185
**with Virus