Light sweet crude oil futures for June delivery CL.1, -15.76% slumped 14% to $14.60 a barrel, while the Brent contract BRN00, -3.70% slipped 4% to just under $24 a barrel.
Both oil contracts have been under pressure on diminishing need for fuel as the global economy slumps, and storage limitations have put further pressure on the WTI contract. The June WTI contract has dropped 76% this year.
Oil market was manipulated last week Tuesday I lost 2 million on that market. How come all of a sudden the price reversed with such momentum. The outlook may have changed forever
If it’s so sweet, maybe they can boil it down and sell the sugar? Not sure what the commodity price of sugar is right now but surely it’s higher than the oil? Oh snapppp
Not so sweet lol
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