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2020-04-21 03:14 | Report Abuse
(Reuters) - Energy traders fled from the expiring May US oil futures contract in a frenzy on Monday, sending the contract into negative territory for the first time in history, as barely any buyers are willing to take delivery of oil barrels because there is no place to put the crude.
May US crude futures careened into negative territory about 20 minutes before the end of trading, falling to minus US$8 a barrel, down 146%.
With demand down 30% worldwide due to the coronavirus pandemic, and the main US storage hub in Cushing, Oklahoma expected to fill up in a matter of weeks, very few want to be stuck with oil barrels that they have to take delivery on at some point during May.
"The people who are long are desperate to get out," said Phil Verleger, a veteran oil economist and independent consultant.
Stock
2020-04-21 03:14 | Report Abuse
(Reuters) - Energy traders fled from the expiring May US oil futures contract in a frenzy on Monday, sending the contract into negative territory for the first time in history, as barely any buyers are willing to take delivery of oil barrels because there is no place to put the crude.
May US crude futures careened into negative territory about 20 minutes before the end of trading, falling to minus US$8 a barrel, down 146%.
With demand down 30% worldwide due to the coronavirus pandemic, and the main US storage hub in Cushing, Oklahoma expected to fill up in a matter of weeks, very few want to be stuck with oil barrels that they have to take delivery on at some point during May.
"The people who are long are desperate to get out," said Phil Verleger, a veteran oil economist and independent consultant.
Stock
2020-04-21 03:13 | Report Abuse
(Reuters) - Energy traders fled from the expiring May US oil futures contract in a frenzy on Monday, sending the contract into negative territory for the first time in history, as barely any buyers are willing to take delivery of oil barrels because there is no place to put the crude.
May US crude futures careened into negative territory about 20 minutes before the end of trading, falling to minus US$8 a barrel, down 146%.
With demand down 30% worldwide due to the coronavirus pandemic, and the main US storage hub in Cushing, Oklahoma expected to fill up in a matter of weeks, very few want to be stuck with oil barrels that they have to take delivery on at some point during May.
"The people who are long are desperate to get out," said Phil Verleger, a veteran oil economist and independent consultant.
Stock
2020-04-21 03:13 | Report Abuse
(Reuters) - Energy traders fled from the expiring May US oil futures contract in a frenzy on Monday, sending the contract into negative territory for the first time in history, as barely any buyers are willing to take delivery of oil barrels because there is no place to put the crude.
May US crude futures careened into negative territory about 20 minutes before the end of trading, falling to minus US$8 a barrel, down 146%.
With demand down 30% worldwide due to the coronavirus pandemic, and the main US storage hub in Cushing, Oklahoma expected to fill up in a matter of weeks, very few want to be stuck with oil barrels that they have to take delivery on at some point during May.
"The people who are long are desperate to get out," said Phil Verleger, a veteran oil economist and independent consultant.
Stock
2020-04-21 03:12 | Report Abuse
(Reuters) - Energy traders fled from the expiring May US oil futures contract in a frenzy on Monday, sending the contract into negative territory for the first time in history, as barely any buyers are willing to take delivery of oil barrels because there is no place to put the crude.
May US crude futures careened into negative territory about 20 minutes before the end of trading, falling to minus US$8 a barrel, down 146%.
With demand down 30% worldwide due to the coronavirus pandemic, and the main US storage hub in Cushing, Oklahoma expected to fill up in a matter of weeks, very few want to be stuck with oil barrels that they have to take delivery on at some point during May.
"The people who are long are desperate to get out," said Phil Verleger, a veteran oil economist and independent consultant.
Stock
2020-04-21 03:11 | Report Abuse
(Reuters) - Energy traders fled from the expiring May US oil futures contract in a frenzy on Monday, sending the contract into negative territory for the first time in history, as barely any buyers are willing to take delivery of oil barrels because there is no place to put the crude.
May US crude futures careened into negative territory about 20 minutes before the end of trading, falling to minus US$8 a barrel, down 146%.
With demand down 30% worldwide due to the coronavirus pandemic, and the main US storage hub in Cushing, Oklahoma expected to fill up in a matter of weeks, very few want to be stuck with oil barrels that they have to take delivery on at some point during May.
"The people who are long are desperate to get out," said Phil Verleger, a veteran oil economist and independent consultant.
Stock
2020-04-21 03:10 | Report Abuse
(Reuters) - Energy traders fled from the expiring May US oil futures contract in a frenzy on Monday, sending the contract into negative territory for the first time in history, as barely any buyers are willing to take delivery of oil barrels because there is no place to put the crude.
May US crude futures careened into negative territory about 20 minutes before the end of trading, falling to minus US$8 a barrel, down 146%.
With demand down 30% worldwide due to the coronavirus pandemic, and the main US storage hub in Cushing, Oklahoma expected to fill up in a matter of weeks, very few want to be stuck with oil barrels that they have to take delivery on at some point during May.
"The people who are long are desperate to get out," said Phil Verleger, a veteran oil economist and independent consultant.
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2020-04-20 23:34 | Report Abuse
Support losses company..fly without wing..
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2020-04-20 23:31 | Report Abuse
No impact..act as normal human being..
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2020-04-20 23:28 | Report Abuse
Long selling..Not short selling
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2020-04-20 22:54 | Report Abuse
One and two, two and one, i love you..
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2020-04-20 22:53 | Report Abuse
Limit down..maday maday maday..
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2020-04-20 22:49 | Report Abuse
Cerita Hantu Minyak Crude Brent
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2020-04-20 22:33 | Report Abuse
FirstOut..9-10am maday maday maday
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2020-04-20 22:24 | Report Abuse
Maday maday maday..sos sos sos..
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2020-04-20 22:22 | Report Abuse
Crazy. crude oil terjum junam die die
.maday..maday..
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2020-04-20 22:20 | Report Abuse
Terjun..Diving..Crude Oil sudah Gila
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2020-04-17 21:05 | Report Abuse
Maybe 1 year price 0.07-0.08.. Shark Doo Doo
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2020-04-15 22:37 | Report Abuse
Time to buy back again and again
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2020-04-15 22:35 | Report Abuse
All Bank In Malaysia will freeze Dividend? Reserve for cost of operation?
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2020-04-15 22:33 | Report Abuse
Buy KFC before it become toilet paper..
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2020-04-15 22:31 | Report Abuse
Less Demand for Sugar..Karipap Donut Kek Lapis
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2020-04-15 22:25 | Report Abuse
Dun play play..Recession promises
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2020-04-15 22:22 | Report Abuse
Hutang Makin Meningkat..Perolehan Makin Menguncup..0.06 Target Buy
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2020-04-15 22:21 | Report Abuse
Korek Gali Korek Gali Salur Proses Salur Proses Jual Murah Jual Murah..Retrenchment, VSS, No Bonus..Ermm
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Stock: [PENERGY]: PETRA ENERGY BHD
2020-04-21 03:15 | Report Abuse
(Reuters) - Energy traders fled from the expiring May US oil futures contract in a frenzy on Monday, sending the contract into negative territory for the first time in history, as barely any buyers are willing to take delivery of oil barrels because there is no place to put the crude.
May US crude futures careened into negative territory about 20 minutes before the end of trading, falling to minus US$8 a barrel, down 146%.
With demand down 30% worldwide due to the coronavirus pandemic, and the main US storage hub in Cushing, Oklahoma expected to fill up in a matter of weeks, very few want to be stuck with oil barrels that they have to take delivery on at some point during May.
"The people who are long are desperate to get out," said Phil Verleger, a veteran oil economist and independent consultant.