WTI May oil contract just went to zero, that's how healthy our economy is.
Oil demand is crashing, so oil prices might stay low for a long time.
The oil rigs and oil production is now starting to come down. I expect that oil will start to recover in 5 months from now based on history.
U.S. storage capacity is reaching its limits and that's why nobody wants to take delivery of oil for May contracts. So they are getting rid of it as fast as they can.
The oil rigs and oil production is now starting to come down. I expect that oil will start to recover in 5 months from now based on history.
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