$9.99 barrel oil?

[ExtraSlow]

The june contract will crash soon, don't you guys worry.

[nzwasp]

Well on a positive note it seems that canadian oil and gas stocks are still worth something, they dont seem to be crashing along with the oil price.

Also how low can refined gas go? will we see 25c gas at the pumps?

[dirtsniffer]

I think there is 30c/L in tax alone, so that is basically impossible.

[Masked Bandit]

$4.16 per barrel.

Soooo, do we start worrying about people jumping out of buildings downtown (if there's anyone left there anyway)?

Edit 2 minutes later, $3.04

[sabad66]

Looks like China is the one winning from all this. I hear they are expediting all of their storage projects so that they can take advantage of these cheap prices.

<tinfoil hat>Maybe it was their plan all along? Create the virus in their lab, unleash in Wuhan, sacrifice a few of their citizens so they can save massive $ on oil imports. Take out a few americans at the same time to build resentment against DT to destabilize the US further. Perfect plan.</tinfoil hat>

[nzwasp]

Looks like oil could be $0 by this afternoon - unsure if WTI can go negative.

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Looks like China is the one winning from all this. I hear they are expediting all of their storage projects so that they can take advantage of these cheap prices.

<tinfoil hat>Maybe it was their plan all along? Create the virus in their lab, unleash in Wuhan, sacrifice a few of their citizens so they can save massive $ on oil imports. Take out a few americans at the same time to build resentment against DT to destabilize the US further. Perfect plan.</tinfoil hat>

If they can build a hospital in 3 days Im sure they could build some sort of storage tank quite fast too.

[blitz]

$0.21

[M.alex]

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Looks like oil could be $0 by this afternoon - unsure if WTI can go negative.

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If they can build a hospital in 3 days Im sure they could build some sort of storage tank quite fast too.

Assuming WTI can't go negative is now the time to go long on some triple long ETFs? Hmmmm.

[ExtraSlow]

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Assuming WTI can't go negative is now the time to go long on some triple long ETFs? Hmmmm.

[Misterman]

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Assuming WTI can't go negative is now the time to go long on some triple long ETFs? Hmmmm.

I was thinking heavy on some call options

[M.alex]

-$17/bbl ... we can go negative! Not sure sure about the triple long ETFs anymore

[Xtrema]

So uh, that inglewood pool that city tried to close..... it's close to the track isn't it? Can't we turn that into storage facility and get CoC some revenue?

[bigboom]