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The May contract was still selling at $22 as of last Tuesday. I don't know much about oil markets but my base assumption would be that we would do this whole t
by cwhiz 7y ago
The May contract was still selling at $22 as of last Tuesday. I don't know much about oil markets but my base assumption would be that we would do this whole thing over again in 30 days unless something significant happens in consumption or production? When do the output cuts begin?
- alkonaut 7y agoAnd can I somehow short these contracts a week before the next deadline?
- kccqzy 7y agoIf the same thing did happen again a month from now, you'd surely make a lot of profit. But it might not, and that's the risk.
- cwhiz 7y agoI wouldn't touch this market with a 10 foot pole. It is absolutely ripe for government intervention and abuse. And if the fed does get involved they aren't going to be in there to bail out the short sellers.