WallStForMainSt: Oil Prices Still Crashing (Falling Knife)! Oil Demand In The US Will Collapse?

  • Thursday, 19 March 2020 04:30
Crude Oil Prices Are Still Falling (Crashing) with no bottom in sight. But is the worst over already? According to these articles, no, it's not: 1) The Real Oil Demand Shock Is Yet To Come https://oilprice.com/Energy/Energy-General/The-Real-Oil-Demand-Shock-Is-Yet-To-Come.html 2) Largest Oil Glut In History Could Force Crude Prices Even Lower https://oilprice.com/Energy/Crude-Oil/Largest-Oil-Glut-In-History-Could-Force-Oil-Even-Lower.amp.html 3) Oil Plunges To 17 Year Low As One Bank Predicts Negative Prices https://www.zerohedge.com/markets/oil-plunges-17-year-low-one-bank-predicts-negative-oil-prices 4) Oil freefall accelerates; WTI sinks to 17-year low https://seekingalpha.com/news/3552828-oil-freefall-accelerates-wti-sinks-to-17-year-low How Much Longer Can Russia & Saudi Arabia Maintain or Increase Current Oil Production Levels Without Going Bankrupt Themselves? 1) Russia Scrambles To Save Its Economy As Oil Prices Collapse https://oilprice.com/Latest-Energy-News/World-News/Russia-Needs-Higher-Oil-Prices-But-Wont-Surrender.html 2) Russia Sees Oil & Gas Income Fall By Almost $40 Billion https://oilprice.com/Energy/Energy-General/Russia-Sees-Oil-Gas-Income-Fall-By-Almost-40-Billion.html 3) Saudi Arabia’s Oil War Could Bankrupt The Kingdom https://oilprice.com/Energy/Energy-General/Saudi-Arabias-Oil-War-Could-Bankrupt-The-Kingdom.html US Shale Oil Producers Hedging Programs: 1) U.S. shale companies hedges were inadequate for oil price crash https://www.reuters.com/article/global-oil-hedges/u-s-shale-companies-hedges-were-inadequate-for-oil-price-crash-idUSL4N2B255X Hot Topic #8 Tracy Shuchart: COVID19, OPEC+ & Crude - What comes next? https://www.macrovoices.com/podcasts-collection/macrovoices-hot-topic-podcasts/807-hot-topic-8-tracy-shuchart-covid19-opec-crude-what-comes-next

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