/biz/ - Business & Finance

>>18567349

>>18567349
AAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

>>18567349
This is the fate of all other stonk and crypto assets, they just need more time to catch up

HAHAHAHAAHAHHAHAHAHAH

Press F to OPEC.

>>18567349
Is there any reason to not long oil down here and just leave the position open for months for the price to recover?

>>18567642
Yeah now is a great time to buy. Biz is too retarded to see that this is peak fear for oil in the past 50 years. Buy now desu

>>18567627
What about ameritards?

>>18567652
Buy what? Containers to put the oil?

>>18567349
holy FUCKING SHIT way more mid-size oil operations are gonna be collapsing

>>18567670
Gary?

How come etoro is so far behind with the price? Tempted to put a short on here but theyre like a week behind with the prices wtf

WTF THE CEO OF OILCHAIN JUST FLEW OVER MY HOUSE?

IS A EXIT SCAM IN PROGRESS?

>>18567725
>eToro was founded as RetailFX in 2007 in Tel Aviv, by brothers Yoni Assia and Ronen Assia together with David Ring.

you deserve to lose all your money

>>18567349
thanks OP we really needed another thread about this

There is about to be a huge oil build up and all that excess will expire in ~40 days

>>18567725
they do a strange calculation, it's actually current price minus some pips

>>18567725
it's the same on IC markets. Was wondering that, too.

>>18567828
It's current tradingview price minus 40 pips

>>18567349
WHY DID I SELL MY XOM PUTS FOR A 400€ LOSS? AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>18567349
You fucks don't get that oil is FUCKING INVERSE to the dollar so dropping oil makes the dollar Strong so it offsets Machine going BRRRR fuck this board full of brainlet jannies no redpills anymore normies

>>18567840
you mean 400 pips

>>18567661
Well back in 2019 USA was exporting 3 million barrels a day.
US deficit is about 1 trillion dollars a year or 2.7 billion usd a day.

Assuming those 3 million barrels is 100% profit

2.7 billion / 3 million = $900 ?

Should I dump my ETFs as long they have some value? Or should I hold them? Please help I just started and allready scared to loose all

>>18567859
>22.76 now crude oil tradingview
>22.36 now etoro

>>18567855
>oil down 36% in a day
>dxy up 0.19%
it all makes sense now

>>18567840
Weird, looking back over the charts sometimes theyre the same. Both about $30 on the 9th and both about $20 on the 18th last month

>>18568000
Sometimes there's this difference, maybe because it's not exactly crude oil.
They're not tricking because oil price is lower in buy too.
As i have seen the chart follows exactly the tw chart, but with this -40 difference

>>18567642
*Ahem*

>>18567589
>>18568203
Musk has just witnessed his competition cut fuel prices by 37%. That’s not good for him.

>>18567627
Sauds can get away with $5

I tried warning you, oilfags.
You should have listened.

>american """"""""""""""""oil""""""""""""""""

literally going to buy 20k USD worth of crude oil wish me luck bros

>>18568243
Says who?

>>18567627
S

>>18567814
No one has enough storage capacity left to make any significant impact on price.

>>18568243
Don't they have a lot of welfare stuff the general populace gets, like not needing to pay taxes and getting money from the state instead and shit, I read about this a long time ago they have a lot of stuff like this to keep them pacified. I don't think they need 83.8 but certainly they will need more than 5 to keep all the gibs going.

>>18567907
dump it

<11$ any moment now lmao

>>18568294
you and what barrels??

>>18568321
They need 3 or something to pull it up and sell it at cost.
80 is if they want to run a balanced budget which is a meme that doesn't mean shit.

>>18567725
>>18567828
you are looking at the June contract. Its the may contract that is dumping

>>18567778
what apps do you prefer

>>18567349
Just bought oil at $11.54

>>18568434
And you've already lost money

NOOOOOOOOOOO NOT MY HECKIN OILRINOS

>>18568444
>His not buying a 20 year low in oil

Retard.

>>18568444
and its your first day here

>>18568434
Together with LINK?

Can I buy oil through vanguard? I just want to buy wti at its current price

if you're not buying oil stocks right now you're fucking retarded

>>18568531
such as?

I don't even know how to buy oil. I only know how to buy company tickers
Will xom, mro, etc dump today?

>>18568460
>He said at 30
>He said at 25
>He said at 20
>He said at 15
>He says now.
I hope you aren't applying this logic to everything.

>>18568539

11.21

WOW

oil chads more like literally bankrupt and homeless

Are there any smaller oil producers with a good chance of surviving that I could buy up? Looking at Xom and such, they're guaranteed to survive of course, but Id only be making double my money if it recovers. Any possible(likely) 5+ baggers out there?

>>18568460
>he is buying 20 year low instead of the 1,000 year low in a couple weeks
retard

>10.84

OH NO NO NO

>>18568597
it will go below 10

insane

>>18568583
Apache

>>18568294
bought 10k also - good luck anon

>>18568242
How so

>>18568597
It's 11.9

>>18568638
>>18568294
how are you buying?

>>18568719
They know a guy

>>18568638
OOO crude oil (WTI) ETF on the ASX

like I said, when biz were saying what a steal this was at $30 I knew it was going way lower

Stupid question but how do I buy oil using Schwab?

>>18568757
I remember you saying that

>”That’s like from the 1950s, it really is — to think that it was $50, $60, $70, $80 — and now it’s $22, but you know, if you put a good bid in at $9, I think you could probably get what you wanted, right?”

>amazon mooning again
alright im shorting it this time

>>18568719
This...I am also trying to buy

>>18567349


so how long is crude expected to stay below $30?

1-2 years?

I don't actually understand how to "buy oil", I just get Exxon Mobil stocks

>>18568826
ETFs like USO and USL track WTI crude

>>18568826
lol

>>18568817
I'm guessing 3 to 6 months desu

So how are the US oil stocks doing? If they are not absolutely rekt, it's confirmed that we live in a completely fraudulent system.

>>18568859
But even if it’s fluctuating between $10-12 and $20-25 for 6 months you can double your money no? Is this not better than holding gold for those 6 months?

>>18568203
>car made out of plastic

anon i...

>>18568707
it was 10.84 for a moment

>>18568859
I agree, we’ll go lower tho but not till after
“We’re back”

>>18568906
Oh yah you will probably have opportunity to double money several times as its waving up and down.

>>18568826
>I don't actually understand how to "buy oil"
Choose your favorite flavor, I like 10-W30. You can buy it from autozone or walmart, just stack it up in your garage in cold storage and sell on craigslist or facebook when this wuflu blows over

>>18568849

these are not suitable for long term

>>18568859

seems optimistic to me, let's see

Bought 100 shares of USO. Wish me luck

>>18568906
I've 2.5x in 20 days off apache swings

>He fell for the black water meme

>>18569003
Thanks, I'll do that

Does anybody know what happened to cause this?

>>18569120
plan on holding for a couple years

>>18569135
>black water
kek

>>18569036
why arent they long term?

>>18567684
>he doesnt know the fed is going to bail them out

ITS STILL DUMPING

>>18569262
Nah, they serve the benefit of big players. Let the small go bankrupt so large ones can buy their wells.

>>18569210
Yeah I am just gonna sit on it..no plans to sell right away. It will go up once all the bullshit passes.

>>18569297
Trump already told.them.he is buying it. Just keep it in the ground as strategic reserves

New to commodities what's the best way to own cheap oil an ETF like USO or actually owning Exxon or Chevron?

>>18569249
he might have been thinking of uco, they have a reverse split coming up if i remember right, meanwhile uso has never split

>>18569415
I bought USO..but I am also new to buying oil

wait,,, contract futures trading at 23 and usoil cfd at low as 12?

>>18568934

>>18569335
Also trump told that he'd be buying massive stockpiles of oil for strategic reserves, but there was no budget for this and the idea was dumped. Also reserves are fucking full already. That's why we're dumping.

>>18568782
Based Trump

>>18569574
So reserves are full, nobody buying fresh oil, no planes, cruise ships, less cars buying reserves. It’s gonna dump more? Or is this that dump getting priced in now?

>>18569669
well aint that the million dollar question

>>18569669
Aye

>>18567718
How many days have deaths been stuck at 40000?

>>18568719
are you really posting here and don't know about forex
just kys

>>18569715
We all china naow

Bought $1500 worth of APA with $500 in cash incase it takes a significant dip so I can buy more to average down.

>>18569669
>Priced in
>oil oversupply
This meme gets out of hand..

>>18569669
>>18569685
The question is already priced in

Whew oil dumping again, 10.78

Eurofags, what plateform do you use to trade oil etf ?

>>18568243
nahh
>>18568321
it's way less than it used to be, the only thing going for us right now is getting money for going to college, also now we have 5% VAT

the Saudi economy is going to collapse sooner or later employment is at like 30% and everyone has a bachelors and like I said you get payed to go to college so every year hundreds of thousands of new graduates are looking for jobs

>>18570166
Answer me my brethren europoors

>>18571102
etoro has USO ETF (min size 50$) and you can buy spot oil (min size 2000$ with 1x leverage).

>>18570166
I use Etoro

>>18571144
>>18571143
Thank you mes amis

>>18571144
etoro is founded in israel and owned by kikes
see >>18567778

How ya'll feeling on FRO sustaining bull? Finger on the trigger for june calls at $13

>>18567627
Tbf half of Sauds bone go the the Harem maintanence for all of the 2 thousand princes or so.

>>18567750
NOOOOOOOOOOO MY OILCOIN IS WORTHLESS NOW

>>18571210
Give better suggestion then. I am tired of etoro kiking too

is this stupid?

>mfw I remember all the people who longed oil at the start of this month
How fucked are they?

uh...

>>18569669
>priced in
The most retarded meme on this board since ledger locks.

How can I buy oil? Is it possible to buy oil options with crypto?

>>18570166
trading 212

>>18567349
i sold my exxon at 20 % profit today was that smart or should i have held?

>>18571531
Just buy back up when it inevitably tanks

>>18571341
how

>WTI $9.90
SINGLE DIGIT
I
N
G
L
E

>>18571596
this really is crazy

>>18571596
it's already dropped another dollar lmao

>>18571596
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAH

>>18571546
that was my plan but maybe Jerome throws some brrrrrrrrrrrrrrrrrrrrrrrrrrrrrr at the big oil stocks and they will never tank

wouldnt that be funny? oil at 20 year low and oil stocks pumping because of jp

>>18567349
Uh guys? Is everything okay?

https://twitter.com/VentureCoinist/status/1245121124582797313?s=20

TRUMP BOUNCE INCOMING

can someone make a pink saudi wojak please

>>18571704
Bruh this is a cordinated attack. If money print go brr then Russia and Saudi offload more oil

GREAT DEPRESSION TIER

I feel like I should have made 100k with my 100 bucks but nothing actually moved

>>18568203
yeah im sure every wagie is gonna overnight finance a tesla car and amazon will have AI 18 wheeler tesla trucks making dropoffs with drones. oil will never recover

1 WTI = 1 Chainlink token WHEN

>8.88

Just went below $10 WTF

>>18567349
Good time to buy in. I'm long OXY.
Vol got crushed this morning too.

>>18571421
bump

>>18571747
kek. WTI will never be THAT stinky.

Are we going to $5 today?

>>18571747
By next week, they will pay you in LINK to take their oil

>>18571859
Bump, best ETF for swinging when oil goes back to 20 ?

>>18571897
Screw ETFs, buy cheap stocks.
OXY. Or if you're an arb trader you can trade the relationship between heating oil and crude. Set up a futures calendar long short.

$7! lmao

CUT MY LIFE INTO PIECES

>>18571262
Any tips on how I can become a harem maintenance technician?

>>18571978
Thx bro

I don't understand, what's with Investing.com showing a 22.75$ WTI? It's June or something and you guys are talking about May prices? Why should we care about may prices and not the June ones? I don't understand shit. Halp. What's the real price?.

>he isn't buying the dip

>>18572203
the ticker on tradingview is USOIL

>>18572203
may contract expires tomorrow and the price action is just an illiquid meme. June contract is the one everyone is trading

i wake up to this lol okay about to go all in see u fags later

>>18567349
So what does this mean? All i know is i can drive my car basically for free now right? DUMP IT

>>18572292
So why is everyone talking about those 8$ may contracts as if it was the end of the world if the ones that matter are the June ones?

Canadian oil dipped below $0 at times.

>>18567907
I’m looking to buy into oil etfs now. It’s all about your time horizon. Prices were already discounted now it’s a fire sale. Hell it may drop even more. A year or two from now you’re happy.

>>18572310
its just shitposting

>>18567349
Kek i would buy now here around $7.75

>>18571978
>buy cheap stocks.
>OXY
Anything tied to shale might just go belly up mate.

>>18572406
It'll drop to $2, mate.

It won't stop going down

>>18572406
ya that post didnt age well, lol. As I was thinking it gonna be at least 5$, guess what its at now. Oh lawdy

>>18572406
kek, just went to $5

$4$4$4$4$4$4$4$4$4$4$4$4$4$4$4$4$4$4$4$4$4$4$4$4$4$4$4$4

Cheap fillups for everyone! I filled up my tank for like half the price of normal the other day. Now its gonna be even cheaper.

>>18572635
Soon you'll be getting a gas fillup with a purchase of a Hot Dog, Chips and 24oz drink.

EXPLAIN TO ME WHY FUCKING XOM IS BARELY RED

>>18572829
Expected bailout

>>18572595
What the fuck.

>>18572842
No fucking way Democrats would allow it.

>>18572595

I’ve just got totally fucking wrecked

>>18572842
I remember GM getting a bailout back then in 2008. Didn't work so well for investors.

>>18572842
A bailout can, but does not necessarily, avoid an insolvency process. GM stock went to zero.

>>18572406
rekt

TRUMP JUST TELL 'EM TO START PUMPING THE EXCESS OIL INTO THE SEA OR SOMETHING I DUNNO WE CAN SUCK IT UP LATER AND SELL IT JUST FUCKING DOOOOOOOOOOOO SOOOOOOOOOOOOOMETHING!!!!!!!!!

>>18572887
They will if the government takes equity stake. Yes, America is about to nationalize its oil industry.

>>18572473
>It won't stop going down
>>18572595
>4$4$4$4$4$4$4$4$4$4$4$4$4$4$4$4$4$4$4$4$4$4$4$4$4$4$4

Fellow niggers,
As previously pointed out the current contract for oil expires tomorrow. This is why it’s speeding to 0. The real question is what the price of next month will be since that is when we hit global oil capacity. Will they be able to shut down or shutter enough oil production to halt the price drop? Unknown.

This is also why the effect on oil stocks is barely there yet.

$3
down over 80%

>>18571747
IT ACTUALLY HAPPENED KEK 1 WTI = 1 CHAINLINK TOKEN

$2$2$2$2$2$2$2$2

>>18573550
1 LINK > 1 barrel of oil

FUCK

>>18573531

>>18573584
This is the best timeline

Why the fuck is Brent oil still at $26?

Holy shit, is Zero even possible?

ADAMANTIUM SUPPORT AT -10 DOLLARS

>>18568242
more like cut TO 37% from a few months ago.
I just paid 97cents per gal to fill up yesterday. Havent seen that since undergrad back in 1998.

>>18573670
negative is possible

ITT: people think an expiring may contract reflects the price of oil

1$

>>18567642
How do I unironically long oil?

i want to see the face of everyone in this thread when the may contract expires and oilprice.com shoots back up to $22/b

>>18573643
brent is shippable, wti is kind of stuck in texas

>>18572292
Imagine thinking June won’t go down as well. I don’t see any recovery until the end of summer at the latest. The third world has just started getting hit by corona.

>>18573782
next stop, one cent

>>18573802
biz protip when normies want to go long its time to short

>>18568203
why does musk look like a chink/hapa?

squinty upturned eyes, virtually no facial hair, broad cheekbones/jaw, sparse eyebrows

>>18568243
The Saudis can make a profit at $5 but they need like $80 to float their retarded country.

>>18568402
>80 is if they want to run a balanced budget which is a meme that doesn't mean shit.

I suppose it doesn't mean shit so long as the royal family doesn't mind being overthrown and exiled or beheaded in the town square.

https://www.youtube.com/watch?v=oIscL-Bjsq4

>>18573584
LMFAO

OILCONEEEEEEEEEEECT

>>18574032
>NOOOOOO
>you can't just pivot your economy like you've been planning to do!!!!!
>not the heckin oilerino!
Russia is run like a mob and the new Saudi king MBS has already consolidated power and began to hire for 1000s of new tech jobs.

>>18573584

Question, does oil have trading hours like normal stonks or is it 24hs?

Shit, it hit cents.

SUB 1 DOLLAR

>SUB 1 DOLLAR

SUB 1 DOLLAR

>SUB 1 DOLLAR

SUB 1 DOLLAR

>SUB 1 DOLLAR

>>18574209
You're assuming Saudi Arabia can pivot shit. Which is a biiig assumption.
You can't just buy a whole economy worth of useful workers. I suppose they'll try though. They can hire foreigners to run their tech industry just like they hire foreigners to run their oil industry.

85 cents!
85 cents!
85 cents!
85 cents!

>>18573959

>It's $0
>Time to go short

/biz/

>>18572094
involves cutting your dick off

>>18574321
they already have m8 get with the times

0.00

>0.00

0.00

>0.00

0.00

>0.00

0.00

>0.00

>>18567349
just bought infinite amount of oil at $0

What I would give for a time machine back to 2018

>tfw literally own all oil in existence for $0

0.2100
wtf

>>18570768
It isn't 80% of unemployment from women who stay as housewives?

Don't you faggots understand. The price of oil is dropping because no one has any use for NEW oil now. There's huge stockpiles that haven't been sold yet. So obviously the price of new oil crashes to 0 and all production stops.

Then when the coronavirus shit is over production will ramp up again and so will demand and so will the price

>>18574720
yeah, so? Still means the price is literally 0$

>>18574720
Production can't stop m8, unless you want to rebuild all infrastructure back from cero.

>>18574321
>says the american who has pajeet and chinks running his tech industry

>>18574560

Screencap it pls

>>18574720
Production can't stop dumbcunt

>>18574791
it has to there's literally no room to store it anymore all tankers are full

>>18567349
FUCKING OIL ICO PULLED THE RUG. SCAM PROJECT

>>18571596
Russia on suicide watch

OIL IS 0.00

>>18567907
You should've wait till we hit the bottom

>>18574720

We'll be seeing negatives for new oil, mark my words.

What is this? Saudi exit scam?

who bought at $5, $10, $13?
plz show signs of life

these are futures you fucktards calm down

https://www.youtube.com/watch?v=61Q6wWu5ziY

Looks like /biz/ wen't all in earlier today.

>>18574720
>production will ramp up again

Assuming huge swaths of the industry haven't defaulted on their debts, filed for bankruptcy, and gone out of business.

Which is a big assumption considering the shitty state the industry was already in before this happened and then the current situation on top of that.

>>18574907
>implying it’s meaningless
The effects of this to the normies will be lasting. This will stick with the plebs for about 2 days, which is longer than most for the normie attention span.

-99%

>>18574860
In Canada it’s already negative

>>18567349
>I put my upon my hip
>When I dip you dip we dip

>>18567349

>>18574842
Russia accused Finland of ethnic cleansing earlier today. Jewtin's gonna need a war to hold his place now.

Will this webpage show it as negative or it's stuck on 0.01 and we have to guess how negative it is?

>>18575085

notice how there is no volume. strange.

why is it stuck at 0.01

10iq niggers laughing when I told you not to buy at 30,20,15,10,5 etc.

Why didn't you listen?

>>18575125
I have seen it show 0.00

>oil is free
WTF kind of market is this?

nice
-1.5 at bloomberg tv

>>18575192
I know, I've seen it also. I wonder if it will show the negative price should it became so.

Free money if you're short.

>>18575193
clown market
we've been living in the clown market since 2008 crash and now it's time for the main event

>>18574088
Look up budget deficit, it's a revolutionary idea that has NEVER been tried. Surely they will instantly get overthrown.

Retard.

>People literally can't stop pumping brown liquid out of the ground even though no one wants it

Let this shitty industry die already

>>18573584
Can't make this shit up

>>18569129
Show me your ways obi wan. Got any links so I can teach myself? What oil ETFs you liking?

>>18575244
-3 now

>>18575324
Everyone wants it m8, there is nowhere to put it.

>>18571739
Got any good stocks/funds/ETFs to invest in?

>>18575324
>people literally can't stop pumping brown liquid out of the ground even though no one wants it

Correction: american and canadian shale producers can't because pumping that requires heat magic

Saudi Arabia can turn the rigs to their abundant, easily accessible on and off at will.

Bros I can't access the site

>>18574208
Financially!
Financially DEPENDENTLY!¡

It is just american shale oil. They can fuck off

Just sold half my linkies, gotta be some selling after this

>>18575543
it's over

How the fuck do I make money off this. I literally am signing up for a stock service right now.

>>18574400
kek

>>18575574
Fish market.

Can anyone explain how can I buy it??

>>18575574
where can i see this chart?

>>18575762
But plastic bags
Go to gas station
Fill all your plastic bags with gas
Wait 2 years
Sell Sell Sell

Why can't they stop production of oil? Just stop fucking sucking the black gold out the sea?

Also, somebody explain about this expiring tomorrow... this is for delivery in May?

Finally, FUCKING LOL TO ALL THE PEOPLE ABOVE THAT SAID THEY WERE BUYING AT $10. STAY POOR.

>>18567349
prices going negative lol

>>18567907
Alles halten bruder

>>18575574
>We're crashing this plane no survivors

No need to panic, the oil price will rebound ANY SECOND now, trust.

>>18575931
How is that possible?

-13.98 :DD

>>18567349
how can price go negative.. i don't get it

How can I buy oil to make money when the prices go back up?

>>18575997
Because Putin & MBS want to crash the market even more, so they start paying for you to hold their oil because they run out of storage for it

>>18575997
too much supply and not enough $$ or physical space to store it

imagine you were selling something and you produced so much it filled up your entire hous and nobody wanted it. you'd have to pay someone to come haul it off

url for live chart?

>>18576044
>he thinks it'll ever go back up

>>18567349
who tf is actuelly selling contracts for less than free, i mean you're basically giving money to sell

>>18576104
>keep producing and paying to have them come pick it up

bulletproof scheme

>>18575880
>Why can't they stop production of oil?
Many literally can't. The force of the earth's crust literally pushes the oil out of the ground.

>>18576151
cut your losses before it dumps even harder

Why is Brent not freaking out as much?
Is it just an internal American shock?

>>18576071
>>18576045
Thanks anons......holy fuck

>>18576203
Brent can be shipped around.
WTI is landlocked.

>>18576045
>both countries economies rely heavily on high oil prices to survive
>crash the price to sub-production levels because you wanted to be seen as a big strong man on the internet
How do you even get leaders this retarded?

>>18576196
Wont that mean that a great number of Hedge funds and retailers will have to basically shut down? I mean if that's the case wtf is going to happen to the others market when they'll dump all of their others assets? Is it it?

>>18575946
>plane
We're a submarine now.

>>18575880
Some deposits are under such gret pressures it rises by itself like a spring, but even the assisted ones with he pumpjacks can't be reliably shut down since restoring production is extremely expensive sue to the need to repressurize a 2km deep pump.

>>18576299
Guess what, the brunt of the impact is going to be borne b they free market oil industries in the us and canada. State-run industries in OPEC+ countries are way more insulated against such shock.

>>18576299
They're trying to BTFO American energy industry, which they have a very good shot of doing honestly

This deserves a sticky holy fuck

-$28

>>18576647
-$37

-$69

Where are you lads reading the price?

>>18576714
How do I get paid for this and where the fuck are you viewing this desu?

>>18576747
Bloomberg TV

>>18576747
https://www.bloomberg.com/quote/CL1:COM

>>18576747
cnn

This is fine.

>>18576784
contracts for oil expiring this month, shit is actually in ~$20 for june

>>18574782
>running
Cleaning toilets doesn’t exactly make you the CEO

>>18576893
time to short?

>>18577030
shit could tank next month too

>>18577030
Thats the 20 dollar question of the day

>>18577030

https://www.ft.com/content/679a2c1b-40d5-4a62-8205-52b87711de14

"The squabble comes just two weeks before the cuts are due to come into effect, with Russia having promised to cut oil production in May and June by about 2.5m barrels a day."

They usually pump out 5m. But this is just a promise they could not and claim whatever excuse. Everyone hurting from this , theyd like to reduce supply and increase price but also would like to destroy competition. Question is can Saudis and Russia survive it better than us (US)

>>18577468
I bet they gonna be like...
https://www.youtube.com/watch?v=7I_FHQWRuj8&feature=youtu.be