Friday, April 24, 2020

Crude Oil Will Not Stay At Zero

You're already seeing bankruptcies, some shale producers in the United States have declared bankruptcy and some drilling companies, so it's happening.

What happened last night was an aberration (crude going negative in price). I don't think you'll see another one like that. You know, the June contract is over 20 in Europe oil is over 20. So, I don't think that crude oil is gonna stay at zero. It was only one night for one special reason.

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