Retail investors be like - I’ll buy oil, my capital has been eroded with in 24hrs, now I understand what futures in contango means, I won’t sell until it goes back up, I wish I had sold earlier.
(I am in this boat)
Any chance the 3 month contract OOO holds could go up because no one wants 1 month contracts (USO sold all theirs overnight)?
OOO Price at posting:
$19.36 Sentiment: Hold Disclosure: Held