SP500 0.58% 2,958.8 standard & poor's 500

BBUS, page-2407

  1. 4,631 Posts.
    lightbulb Created with Sketch. 590
    I just don't see how the issue is resolved without a lot of pain.

    On one hand you prop up the balance sheets, but that still doesn't fix the actual issue of what to do with the physical oil?

    I could see oil prices going negative for an extended time.

    Google USO ETF and the impact its having on oil. How it digs itself out of its hole is anyone's guess. Traders know when they are trying to unwind their future positions. Its a disaster, they own a material amount of the futures contracts.
 
watchlist Created with Sketch. Add SP500 (INDEXSP) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.