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Oil prices down to 15 (WTI not brent) -- (link)

Posted by zeitgeist Apr 19 '20, 22:11

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https://twitter.com/FinancialTimes/status/1252077094990995457 (twitter.com)

Responses:

May is thinly traded and the contracts expire tomorrow. June is trading at $23, that said it's down $2 in overnight trading. -- nm - Under the Influence Apr 20, 02:34
Western Canadian Select, i.e., the one they wanted to send through pipelines and had huge protests over ... is trading negative today. -- nm - Beryllium Apr 19, 23:59 2
- As in, -$0.15/barrel -- nm - Beryllium Apr 19, 23:59 1
  - last week Wyoming Sour -$0.19 and some of the smaller players in Texas were being offered $2:00 bbl. -- nm - Under the Influence Apr 20, 02:29
I thought there'd been an agreement among oil producers to stop the freefall. -- nm - Mop Apr 19, 22:56 6
- I don’t think they can pump it back into the ground, Mop. -- nm - Qale Apr 20, 04:53 1
  - Strangely enough they do. Lots of storage capacity is underground reservoirs. Especially natural gas. -- nm - mafic Apr 20, 05:01
- demand is down by almost 30m barrels/day, agreement only cut production by 10m. -- nm - mafic Apr 19, 23:27
- Brent started dicking around and that went out the window. -- nm - Beryllium Apr 19, 23:01 2
  - Ratner or Spiner? -- nm - Mop Apr 19, 23:01 1
    - I thought it was Brent Crude, but I was wrong, it was actually Brett Bunsen. -- (link) - Beryllium Apr 19, 23:06 [youtube]

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