WTI May contract is ending ...
June is at $22ish
it is at 22$ but it also goes negativeTo trade / actually buy/invest crude, its $22
Most April contracts expiring today. Expect may/june contracts to be above 20.Asking the pros whats the difference wti crude and brent oil why brent is 27 usd and wti crude is 2 usd why so much difference?
Russian and Saudi economies rely 70-80% on Oil. American economy doesn't even rely 5% on oil. America, the largest oil consumer in the world is going to be the biggest benefactor of low oil. For the 95% companies in the US that do not rely on oil, this is like a dream come true.it will converge to $2 physical price tomorrow.
Hope American oil gets completely destroyed.
The Russians and Saudis need to keep it up.
ur june is already trading at 20$Most April contracts expiring today. Expect may/june contracts to be above 20.
Brent oil is more refined cleaner oil, mainly the west uses brent. Third world countries use mainly wti.