WTI is now well below $2.00/barrel, at $1.28. This is beyond comprehension how it could go down over 90% in one day. Those layoff numbers might just get revised upwards. More borrowing to pay the ever increasing dividend on ever shrinking profits.
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The price of futures for June delivery of West Texas intermediate just went negative. You can’t pay people to take it! wow!
You're right about that. It's unreal. I feel bad for all you guys. Stay safe. Your health is most important.
It is now under a buck
RIP O&G companies
RIP O&G slaves
RIP Houston