With the negative oil prices, I fear that one day soon, payday will become payment(due)day, the paycheck will become a bill, and direct deposit will become auto-payment/debit.
Between COVID, the oil prices crashing to below zero, food shortage, the biggest money heist ever perpetrated against the country (and the imminent hyperinflation), I feel like I died and woke up in hell.
We have all taken our prosperity for granted. Now is the time to be grateful for what you had and know this is a new world from now on.
June futures for WTI have dropped down to $15 plus change. Will no doubt go down more, likely single digits.
Read up about oil futures trading. Today’s price is reflecting contracts expiring today. June/July future prices are in the twenties and this will become evident in the next day or two. Of course those prices could also drop if traders continue to be unable to take on those contracts. I knew little about this until doing some research today. Very enlightening.
When is EOI coming?
This is a total mess. I saw the 1998 crash when oil price dropped to $10 but this seems to be like beginning of the end for all employees who are 50 +