InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,283.40
(
0.00%
)
US TECH 100
18,070.00
(
-0.30%
)
Dow Jones
38,571.03
(
0.00%
)
Brent Oil
77.30
(
-1.08%
)
Bitcoin
69,052.95
(
0.36%
)
Post# of 29363
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

OakesCS

Send PM Follow Ignore
Followers 16
Posts 1502
Boards Moderated 0
Alias Born 05/03/2005

OakesCS

Re: semi_infinite post# 21928

Tuesday, 04/21/2020 12:50:42 PM

Tuesday, April 21, 2020 12:50:42 PM

Post# of 29363
that's 13M bbls which is probably in excess of US daily consumption now.

according to Wikipedia and DOE, there's ~80M bbls unused SPR capacity as of 3 weeks ago. If there were some astute federal purchasers and accountants, they would've been buyers of all those contracts yesterday and recouped some of the bounty being dispersed out the other door at the US Treasury/FRB. Maybe they'll wake up for the June contracts.

Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up