TOTAL Collapse in the price of OIL.
This is an Unimaginable chart.
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Collapse of a future contract not oil. Traders that bought the contract are the ones who got burned. Xle ownly down 3 percent. Etf like USO was out of May contract a few weeks ago. If tomorrow the June contract craters then it will be a disaster.
why is not the bear etf on oil skyrocketing , should be off the charts as well?
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Because it's not the real price for oil. It's a contract price for a certain period. After everyone goes back to work it will be much higher again.
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