The crude oil price on the futures contract for West Texas crude that is due to expire Tuesday fell into negative territory — minus $37.63 a barrel. The reason: with the pandemic bringing the economy to a standstill, there is so much unused oil sloshing around that American energy companies have run out of room to store it. And if there’s no place to put the oil, no one wants a crude contract that is about to come due.
crude oil price history
Crude Oil MCX – Next Target Price 2080—2220, Don’t Sell
Crude Oil MCX – Next Target Price 2080—2220, Don’t Sell
Crude oil prices on Friday rose Rs 294 to Rs 1,915 per barrel as participants widened their positions in line with a positive trend overseas.
Crude Oil Plummets to 17-Year Low as Broken Market Drowns in Crude
Crude Oil slumped to a 17-year low as coronavirus lock-downs cascaded through the worldslargest economies, leaving themarket overwhelmed by crateringdemand and a ballooning surplus of crude.
MCX Crude Oil Rocket 🚀 🚀 Paid Client’s Mint Money – Crude Bole Boom Boom 1800 To 1940 1st Target Done 😀😀
MCX Crude Oil Rocket 🚀 🚀 Paid Client’s Mint Money – Crude Bole Boom Boom 1800 To 1940 1st Target Done 😀😀
Crude Oil (WTI) Bullish Above $57 / MCX Above ₹4100 Only Buy – Neal Bhai Reports
Crude Oil prices will have a major impact on the direction that the Russian economy will take, according to the chief executive of the Russian Direct Investment Fund (RDIF), but the country’s alliance with major oil producer group OPEC (known as OPEC+) is “ready to act” if necessary, he said.
MCX Crude Tips Rocking – 4030 TO 4104 Enjoy – Boom Boom – Neal Bhai – 9899900589
MCX Crude Tips Rocking – 4030 TO 4104 Enjoy – Boom Boom – Neal Bhai – 9899900589
Brent Crude Long Term Target $60—$70/bbl Within the Next Year
“Amidst the higher trade tariffs, we can expect China’s GDP to drop below 6% next year. Concurrently, both Germany and Japan may suffer technical recessions across the turn of the year. As for the US economy, we can expect growth to ease from 2.5% this year to about 1.3% next year. Overall, this global synchronized slowdown will reduce crude oil demand and likely weigh on energy prices”.