Maybe its more like they (contract holders) took delivery instead of a bigger loss for the expected return on price, (which would be like hey we could storing in a tanker leasing it and hold stock up on oil that going to hundreds of dollars... lol... as we just came out of a period of lots of unused ships for tankers with all the domestic production even though refineries have contracts with Aramco, its the other ones that went domestic).
Another downturn is these guys may be thinking they can still stop Russia military but these (low oil) economic sanctions too, they don't care. Another sign that supports this is the attempts to bring gold down (since Russia has been backing the ruble for over a couple of years with gold and in the 80's they got Saudi to sell out their gold hoards by bring oil prices down, (and none of this happened in oil until Ukraine thing and UK and Poland push to punish Russia)...
Yes, the $GUKFY price advantages/disadvantages come and go... but usually to our advantage on new upward news events where US prices lag behind for a few hours until it catches on over here...
Owning shares or partnership units is not an endorsement of management to break the Sabbaths or to do any other unGodliness. I do not share in their sin or guilt and they mislead others on their own accord. I have no major stakes to influence any company.
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