FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S., February 11, 2019. Picture taken February 11, 2019. REUTERS/Nick Oxford/File Photo
The June WTI contract expires on Tuesday, but there was little sign of WTI repeating the historic plunge below zero seen last month on the eve of the May contract’s expiry amid signs that demand for crude and derived fuels is recovering from its nadir. The Chicago Mercantile Exchange, which hosts trading in WTI futures, brokerages and the United States Oil Fund LP , the largest oil-focused exchange-traded product in the country, have all taken steps that reduce open positions ahead of the WTI contract’s expiry.
“Assuming there is not a second wave of the coronavirus, I think you will see the economy recover steadily through the second half of this year,” Powell said Sunday night in broadcast remarks.
What no way they going up... ⌛️🧩🔥👂
Per barrel, not gallon!
Well there must be storage space left if people aren't afraid to be left owning the contract at expiry.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Trump was basically the buyer and the seller' in almost $1 million of gov. transactions.Fahrenthold says when President Trump 'goes to his properties, his aides, his Secret Service agents come with him, they need to stay near him to protect him ... They're captive customers. The Trump Organization can charge them whatever they want.' Fahrenthold FakeNews you are disgrace to journalism just like CNN maddow TheYoungTurks cenkuygur CBSNews ABC7NY donlemon brianstelter TheView Your fake news reporting will be the cause of the destruction to our country! STOP LYING ! Fahrenthold TrumpCrimeFamily Fahrenthold This is disgraceful. Trump is forcing the American taxpayers to pay for what disgraceful properties he owns. This is unjust enrichment and the American taxpayers are footing the bill.
Source: MSNBC - 🏆 469. / 51 Read more »
A month after negative oil prices, U.S. crude contract expiry loomsA month after sellers had to pay nearly $40 a barrel to get rid of U.S. oil futures, the next watershed moment looms with the expiry of the June contract on Tuesday - and so far there is little sign of a repeat of the historic plunge. Open the economy and there will he places to put the oil this looks much better ..right? ;) video :
Source: Reuters - 🏆 2. / 97 Read more »
20 of the Best Essential Oil Diffusers to Make Your Home Smell AmazingNo matter your decor style, there's a chic way to welcome aromatherapy into your space.
Source: Allure_magazine - 🏆 473. / 51 Read more »
'Orphaned' oil wells to squeeze state coffersThe market bust that is expected to trigger a spate of bankruptcies in the oil patch is threatening to leave states holding a massive bill to seal up thousands of new 'orphan' wells that pose pollution risks Politico is as much a legitimate news organization as the misshaped turd my girlfriend's cat left on the carpet is an accurate representation of the Virgin Mary. I assure you there won’t be any orphan wells, Texas for one has the Texas Railroad commission. Laws don’t let you just walk away. Also the oil slump is going to be short lived and will all the well shut offs it’s going to take a long time to get them back up. oil will bounce back Charles Koch is going to screw over Kansas, big time. Just saying. SaveKansas VoteBlue2020
Source: politico - 🏆 381. / 59 Read more »
Asia shares make cautious gains, oil and gold jumpAsian shares crept ahead on Monday and oil prices hit a five-week high as more countries re-opened their economies, stirring hopes the world was nearer to emerging from recession. Reuters can always find the right photo to demonize China. China shares virus with the world. That’s so kind. And you’re welcome.
Source: Reuters - 🏆 2. / 97 Read more »
14 Best Oil Diffusers to Help You Relax, FinallySit back and smell the diffusers.
Source: ELLE Magazine (US) - 🏆 472. / 51 Read more »