So you believe WTI will jump to 22$ tomorrow again?
#WTI
Let's be clear: storage is NOT full despite what journalists say. Storage space is fully leased. Not the same thing.
This is a contract roll issue that will pass after tomorrow.pic.twitter.com/tS0igjzI6y
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Thanks Art, so once the contract rolls; you expect price stability to return?
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Stability for price? It will be more like $21/b if that's what you mean but this market is in huge dynamic flux. Look at the slide deck that I just posted and then ask more questions. https://www.artberman.com/2020/04/20/oil-markets-during-and-after-coronavirus-spe-gulf-coast-section-april-20-2020/ …pic.twitter.com/piWMZOI85r
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Canadian oil is negative right now?
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Storage is quickly filling up Art. GS estimates that we are nearing 55% now and saturation point is towards end May. What is your own expectation Art? If the rate of storage take-up continues, both May and June deliveries should follow same pattern
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quite so. would appreciate a response to this...
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How many empty swimming pools does America have? problem solved. Jp :)
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It evaporates quickly after a year there will be no oil to see in your pool
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When the calls for bid are left unanswered
Blimey, $11 WTI...I doubt anyone ever planned for this. Did anything like this ever happen in the past Art? Are we close to a contango record?pic.twitter.com/2NVFTayORm
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