An Important Message For Oilprice Members

Sign in to follow this  
Followers 0
DM

Crude oil going negative again when June contracts expire.

Realestrn in Oil (General)

Recommended Posts

Realestrn    0

DM

Looking for a debate. I believe crude will hit negative again maybe may 18th. June future contracts expire and nobody wants them no matter how cheap they are. USO and DBO will have to pay people to take it off there hands because they cant receive physical inventory. 

USO told shareholders that they would get rid of all June contracts and diversify  out further months to avoid same issuse. Then did 1:8  reverse split to entice people to buy in. The funny thing is if you go to there holding they still currently  have 42000 june contacts. And seem like they trying to sell but nobody taking it off there hands. 

Further more these "raises" in crude are not the true reflection of what future contracts. 

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
Sign in to follow this  
Followers 0
Go to topic listing