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#131
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Joined: Jan 2009
Posts: 389
Likes: 36
From: Stilwell, KS
Down 16% since my purchase... Par for the course. OKE has been a good buy though.. (Guess you have to be an okie to know that one...)
Last edited by VortechSS; 04-17-2020 at 04:08 PM.
#132
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Joined: Jun 2009
Posts: 9,982
Likes: 6,477
From: Chicago
#134
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Joined: Dec 2017
Posts: 178
Likes: 181
#136
#138
#140
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Joined: Jun 2005
Posts: 11,903
Likes: 1,140
Oil went negative today, to sell a barrel you would have to pay someone to take it off your hands............clearly hypothetical but they are pumping so much and demand has fallen so hard that they are running out of places to store it! Crazy times......
From the WSJU.S. oil futures plunged below zero for the first time Monday, a chaotic demonstration of the dwindling capacity to store all the crude that the world’s stalled economy would otherwise be using.
The price of a barrel of West Texas Intermediate crude to be delivered in May, which closed at $18.27 a barrel on Friday, ended Monday at negative $37.63. That effectively means that sellers must pay buyers to take barrels off their hands.
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