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I'm just thinking a $1,000 or so in USO? Never had crude oil stocks before so I have no clue.
i have owed uso for years just brought 500 more a week or so ago, not a lot but took a significant loss. will probably buy more eventually will go back up but going to hurt until it does. USO has been pretty volatile the last few years, if your heart can handle it, its not bad lol.
I have never seen this before, but they are now paying people to FILL up their cars with gasoline! Not really, but I have never seen a commodities market go NEGATIVE.
Well, we've never seen the demand for a commodity bottom out like this before. When we shut down the country, this became inevitable as soon as storage capacity was reached. This is just one of the first major consequences of shutting down an economy that is not supposed to ever shut down. It's a miracle it went this long before this kind of thing started to happen and it's only going to get worse.
Well, we've never seen the demand for a commodity bottom out like this before. When we shut down the country, this became inevitable as soon as storage capacity was reached. This is just one of the first major consequences of shutting down an economy that is not supposed to ever shut down. It's a miracle it went this long before this kind of thing started to happen and it's only going to get worse.
It's self inflicted. It can turn around as fast as the decision to return to some sort of normalcy.
It's now negative. How much should we charge Saudi to take that oil of their hands? How much should I charge Exon to take the Hellcat out and burn u some gas to make room for more?
Glad I retired and got out of the business. It's going to wipe out our domestic oil industry as well as those that financed them.
Trump talked about building up our SPR. Did he ever follow through? Now's his big chance.
-35 bucks a barrel. I could fit about 100 barrels in my garage.
I hope your garage is sealed. Or you gave something to store the oil in.
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I'm just thinking a $1,000 or so in USO? Never had crude oil stocks before so I have no clue. 
