The Day Oil Went Negative, These Unlikely Traders Made $660M

Such a thing happens once in a million years;
Buyers were paid for buying.

Only Saudi Arabia could make such a thing happen.
 
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Sekiyo said:
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%%
V or W traders , what ever you want to call them, some charts dont even show that move;
some do.:D:DSome of that maybe was Virus related, someof that move maybe not.
WITH 20-20,APR20,2020 hindsight\ i may do more research next time i find a ''free'' 33.777% full more or less can of WD 40 LOL.[WD40=secret recipe but 77-97+/% fossil fuels.]
Give aways are some of the best risk rewards.
I' ve made more with Bill gates MSFT sector related trades + investments, than oil related ,as of 2020.
I dont know if i read an hour a nite like Bill gates does;
an hour per 12 hour period, most always or better..........
 
Sekiyo said:
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As one guy says in the video..."This had never before happened in the history of oil trading..."

Well, yeah, because the CME always had a low-price limit breaker of $.01 per contract, which they mysteriously removed the day this happened, and had forewarned that CL could go negative 3 weeks earlier. In fact, I remember looking at the CME spec page that day, and the limit breaker WAS STILL THERE! The next day it was gone of course, along with listing the breakers for RB and HO, and pretty much all other instruments.

Don't believe me? Here's a snapshot of the CL quote page from Apr 03, 2020, around the time of the notification of possible incoming negative pricing...

crude volume CL 2020a.jpg


I will always believe some skulduggery was afoot at the CME that month.
 
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