Free-Falling: U.S. Oil Drops Below $2 Per Barrel As Demand Disappears

S2007S said:
its amazing how this is unfolding and 99.9% of us here had no clue this was possible.

What happens to gas prices?
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What happens to car owners everywhere. They gouge us and jack gas prices. :-)

Seriously though, RB is moving normally, last I saw around -350 ticks down on June. Not bad all things considered.
 
EqtTrdr said:
knowing my local gas stations they will raise my prices to $4/gallon ...lol
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Yep. Would be nice to get gas for 17 cents a gallon but nope, not happening. If oil jumped to 397 a barrel they would kindly give you gas at $17 a gallon!!!
 
ZBZB said:
IB stop trading a day before last trading day as you cannot take delivery. They got down to 0.0 as I don’t think their system can go negative.
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Thank you.

It also says: Regular trading session 9:30 EDT - 17:00 EDT. Since there is a trading day tomorrow until 14:30 EDT (as you explained not on IB), why didn't the contract continue trading until 17:00 EDT? Because it closes at 14:30 EDT also on the second last trading day?
 
Can we store barrels of oil in self-storage facilities?

Maybe pick up a few barrels and put them there for future use.
 
Maverick2608 said:
Thank you.

It also says: Regular trading session 9:30 EDT - 17:00 EDT. Since there is a trading day tomorrow until 14:30 EDT (as you explained not on IB), why didn't the contract continue trading until 17:00 EDT? Because it closes at 14:30 EDT also on the second last trading day?
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Probably
 
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