When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
BNO - May WTI Contracts Settle In The Negative And What It Means For Oil Prices Going Forward
United States Brent Oil Fund LP ETV
Welcome to the negative edition of Oil Markets Daily!
For those of you that don't want to read this article, the punchline is this:
May WTI settling in the negative means nothing to the rest of the oil market. This is related to contract expiration and the lack of available storage for delivery.
What this does imply though is that June contracts will also be weak, which is what USO is long 80% in.
And the incoming US oil production shut-ins will be close to 4-5 million b/d.