Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

New York

George II

(67,782 posts)

10. The thing is what was being talked about yesterday was NOT the price of oil, but the price....

Reply to rownesheck (Reply #3)

Tue Apr 21, 2020, 12:49 PM

Apr 2020

....of May oil futures contracts which came due today. People were dumping them because they would have been required to take possession of the oil in a week or two. It had nothing to do with the real price of oil.

The real price of oil today is in the high $20s and low $30s per barrel.

Click here to purchase valentine hearts!

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

10 replies

= new reply since forum marked as read

Highlight:

Ocasio-Cortez deletes 'absolutely love to see it' tweet about oil price crash amid conservative [View all] TexasTowelie Apr 2020 OP

Dumb decision - she should have kept that thought to herself. Quemado Apr 2020 #1

It was insensitive to the workers among many industries that will be losing jobs. TexasTowelie Apr 2020 #2

Pesistently gives 'ammunition to her critics' - that's where her national recognition comes from empedocles Apr 2020 #4

shock politics.... getagrip_already Apr 2020 #6

I'm agree completely rownesheck Apr 2020 #3

The thing is what was being talked about yesterday was NOT the price of oil, but the price.... George II Apr 2020 #10

Sometimes thoughts and ideas are best kept to ones self ... PBC_Democrat Apr 2020 #5

High oil prices incentivize green energy development. Marcuse Apr 2020 #7

Correct. TexasTowelie Apr 2020 #8

Not just right wing commentators, lots of Democrats were angered by that, too. George II Apr 2020 #9