Yesterday the price of US crude oil went from $18,40 towards $0. It didn’t stop there though and it eventually closed at a price of -$38 for the WTI May contracts. This is unprecedented and never seen before in any asset that I’m aware of.

Today the price of WTI June started trading. At the moment of recording it was trading around $15.

Why is this? Is it a good time to buy oil futures right now?

This is not professional advice

#oil #cryptocurrencies #coronavirus

———————————————————————————————————————————————————–

*** Social media ***

Follow me on Twitter:
https://twitter.com/QuintenFrancois

Follow me on Facebook:
https://www.facebook.com/YoungAndInvesting1

Join the “Cryptocurrency Investing” Facebook group: https://www.facebook.com/groups/480785485606417

———————————————————————————————————————————————————–

*** Exchanges ***

Register on Binance (get 10% off fees): https://www.binance.com/en/register?ref=SK490J97

Register on Coinbase (get $10): https://coinbase-consumer.sjv.io/gdrEB

———————————————————————————————————————————————————–

*** Crypto cards ***

Crypto.com (get $50 bonus): https://platinum.crypto.com/r/youngandinvesting
Code is: youngandinvesting

———————————————————————————————————————————————————–

*** Crypto hardware wallets ***

Buy a Ledger hardware wallet: https://www.ledger.com?r=a1e80b98f316

Buy a Trezor hardware wallet: https://shop.trezor.io/?offer_id=10&aff_id=3338

———————————————————————————————————————————————————–

source

7 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *