Crude Oil - spoke ad nasuem about the supply demand imbalance
(even after the OPEC+ cuts). May crude futures are at $11.50
(expire Tuesday). Contango remains large and land storage is
nearly full. Brent oil will hold up better due to water
storage (good for tankers short term)
TRADERS STORING AN ESTIMATED 160 MLN BBLS OF OIL ON TANKERS AT
SEA VS 80 MLN BBLS SEEN AT APRIL 1 - SHIPPING SOURCES
Crude Oil - spoke ad
Posted by steve on 20th of Apr 2020 at 08:56 am
Crude Oil - spoke ad nasuem about the supply demand imbalance (even after the OPEC+ cuts). May crude futures are at $11.50 (expire Tuesday). Contango remains large and land storage is nearly full. Brent oil will hold up better due to water storage (good for tankers short term)
TRADERS STORING AN ESTIMATED 160 MLN BBLS OF OIL ON TANKERS AT SEA VS 80 MLN BBLS SEEN AT APRIL 1 - SHIPPING SOURCES
Stike for me, entry late
Posted by retirefire on 20th of Apr 2020 at 09:00 am
Stike for me, entry late Friday USO. Very small though. USO had huge inflo lots got spanked
In hindsight I should have
Posted by retirefire on 20th of Apr 2020 at 09:02 am
In hindsight I should have waited to see what was next after Friday doji on USO daily.
I feel you, i got
Posted by vinylchild on 20th of Apr 2020 at 09:15 am
I feel you, i got into USO thursday and cut losses friday
stop just below todays low,
Posted by retirefire on 20th of Apr 2020 at 09:28 am
stop just below todays low, at least my money went to someone I respect. (USO)