Yahoo Finance’s Brian Sozzi and Alexis Christoforous speak with RJO Futures Senior Market Strategist John Caruso about the oil market turmoil.
#coronavirus #COVID-19 #oilprices
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COVID-19′ FEAR > Oil prices
it really hit, though, when Saudi Arabia told Russia to f*** themselves and said, “all right, if you won’t cut production like the rest of us, then WE are gonna crank up production and put YOU out of business, bitch!” That was exactly when the market first dove, month and a half ago or whatever. And covid fear is making people not drive much, so lower demand while supply is ridiculously high.
Oil shortages in the 80s. What a farce. Even though technology has increased , nothing is believable anymore.
It’s the end of paper currencies and Fossil fuels. You’re living and experiencing the BIG RESET!!!!! Digital currencies and electric/zero point energy is coming!
Tears of a Clown ( Trump m a f i a )
Garfield Kitty Tales huh
Good riddance to the two-family dictatorship of bush Clinton and their puppet Obama
If OIL is so so cheap why are we paying top price at the pump.
oil is valueless by itself, it still has to be refined to make gasoline…… that costs money.
Well state taxes and federal taxes and that is supposed to pay for infrastructure and pot holes but a bailout now for pot holes
@NPC 5667364256 yea oil doesnt turn to gas and transport itself to the gas stations. I dunno about those negative barrels thats weird….
The reduced demand is temporary why would the market behave like oil is never gonna be used again?
2.27 outside of buffalo
@You Wish the market is right this extra oil is not going to be used we had lots before this and price war and the only thing is cut price that will drive demand but about 20 major country are oil producers and from Norway to Venezuela to Mexico Russia on and on and with the world at a standstill no one is using oil
Negative oil? I fill up and they pay me.
Bail out cruise lines but not oil?
IT HIT $2.99!!!!!!!!!!
Cruise lines are very polluting and mass tourism is destroying cities. Stop the madness.
My idea of a cruise last a few hours around sunset on a smaller ship. Not interested in being trapped for days on a floating skyscraper.
OIL KARMA?
You bet
Why is it Karma? For who? Forgive my ignorance lol
Bp oil spill revenge
The government is supporting everything.
NEGATIVE oil that just shows how much malinvestment there is in the markets
Who remembers peak oil theory ? LoL
This is on the demand not supply side.
Bottom line: _You’re absolutely right_
“The free market”. Stop manipulating industries. It does not work, history shows this.
The problem is that we use x amount and they pull out of the ground x +100% out of ground they don’t even know we’re to put it anymore
The USA is now a net exporter of oil, meaning we no longer depend upon foreign production.We Americans can seriously thank Pres Donald Trump for that. And the rest of the world can bitch & moan about it.
We now have more oil than can be used because of the corona-virus. Production had previously been so fast that the rest of the production infrastructure was having a hard time keeping up. The virus is nothing but a serious but very temporary glitch in the economy. When the economy is opened up again, we will be going full gangbusters just like before. Oh, but in the meantime, be sure to watch Leftist idiots somehow blame Trump for the virus. Oh, no – wait. That has already occurred. LOL
Well, What goes way up over 100 should go down and buried more than 100 feet under🤗🤪
I think the snake oil salesmen should start cooking with the 100% virgin crude oil on the market now….Well, problem solve. Thanks!
This is outdated
Jim zhang by a couple hours
And the lies too… oil is at 25$usd and was last traded this low the start of April 2020
NO EXCUSES FOR THE WEST EXPORTING MANUFACTURING TO CHINA ANYMORE.
Salute!!!!!!
Oil at $11… “You know, it’s a bottoming process…”
30 minutes later… Oil $0.01
**negative
$-42
That’s a negative captain
Oil is not at 11$
Keep up guys. U.S. oil has crashed all the way to NEGATIVE -$37 a barrel. If you paid 1.85 you got robbed. Right now if I buy a barrel of oil it’s free and it also comes with 37 one dollar bills taped to it. If they want excess inventory to evaporate then give it away for free. Make all gas free for the next month and I promise you Americans will be happy to help out producers. If you want to charge $1.85 for gas when a barrel of oil is in the negatives then you my friend can go FO.
Can someone please give me tips on how I can make money by buying oil? or where I can buy
Buy your favorite Oil Company stock right now and forget about it for a few years
Open a stock brokers account
Can Shell just go back down to $19 again please?!
Sunoco is.
United States will invade China and blow up California in order to push oil up.
I hope hedge fund managers don’t start jumping out of buildings. Oh wait. Yes I do.
Repeal the 19th
Please store oil at your home
It’s still 2.59 in Cali
Wait until 2025-2030 and EVs will be much more popular.
Paid $1.65 over a year ago on New Year’s Eve without all this market crashing oil price stuff in Gas City,Indiana. We’re getting ripped off big time at most stations in Indiana. Should be under a $1.25 statewide.
This dident age well
Tomorrow market will Crash due to oil crash today
Bye bye artificial scarcity.
Awww poor billion dollar oil companies . Feel so bad.
It’s a good news. Less money for Saudi extremism.
Unleaded in Detroit: $1.31 last week. Cheaper today, as cheep as $1.10. But nobody is buying. Road trip for the fun of it!
Everyone: “The lowest an investment can go to is 0”.
Oil: “Hold my beer”.
Does anyone here remember the gas lines of the 70’s, and how we were told “the whole planet was running out of Oil”? Karma is a Bitch isn’t it.
More lies and manipulations. IF OIL actually dropped to 21 year lows, the gas stations would be selling gas for $.40/a gallon… are they? Hell no.
i like oil this low but i only have a horse and no car so i just feed it grass cause it does not drink oil
Lol its not because of demand, its because they pumped more oul. Thats exactly whay happens qhen you fill the market, kind of like the fake money being printed… Just wait until the dollar flops….
Last week tRUMP
I HELP TO MAKE A GREAT OIL DEAL WILL SAVE THOUSANDS OF JOBS GREAT JOBS BEST JOBS,
Yeah I thought they were running out back In the 70’s, more bullshit, so some poor saudi has to sell one of there solid gold diamond encrusted mega yachts oh well
Its RM1.25 per liter in malaysia