Member Info for NewKOTB

The extreme selling you’re seeing in the front-month crude contract today, which will make the news everywhere today, is driven by this simple mechanism. There is extreme forced selling in this front-month contract because any speculators that can’t take physical delivery have to sell these contracts today, no matter what.

This isn’t happening in Brent simply because Brent crude contracts settle in cash. Thus, any speculator can take them to their expiry without being forced to sell at any price, a “luxury” not available in WTIC crude futures.

Likewise, so you remember our SE Asia days ..... Indonesia .... 'ye good ol days' ...lol

RD12, THEY ARE CLOSING NOT OPENING CONTRACTS .....idiot

I can only assume your avatar is used by multiple users as your 'knowledge' is totally opposite of the ones from last week.

LOL .... yes just have a laugh at the idiots on other BB.

Just watching University Challenge atm ... waiting for a question on WTI as after reading this board tonight I feel well prepared to answer any factual question .... wrongly

ICL to win btw

The extreme selling you’re seeing in the front-month crude contract today, which will make the news everywhere today, is driven by this simple mechanism. There is extreme forced selling in this front-month contract because any speculators that can’t take physical delivery have to sell these contracts today, no matter what.

This isn’t happening in Brent simply because Brent crude contracts settle in cash. Thus, any speculator can take them to their expiry without being forced to sell at any price, a “luxury” not available in WTIC crude futures.

For the REAL TRUTH .... just spend 1 minute reading this.

WTI and BRENT are totally different animals. "Knowledge is power"

https://seekingalpha.com/article/4338551-why-wti-crude-is-crashing-much-today

rd12, you really are a **** takers

This board is full of 'the end of the world is neigh' .... Lemmings everywhere atm.

Get a grip will you all .....

There will be a massive divergence of Brent vs WTI .....

Brent has not got anywhere near the same issues that WTI has. Traders know this so targeted WTI on these fears, that's the market for you. Guess quite a few traders that held May Contracts have had their rears kicked good and proper today.

Important to note that DOW oil companies having a normal day today, WTI having very little impact ....

Exxon Mobil Corp -4.3%
Chevron -3.1%
ConocoPhillips -1.5%
Occidental Petroleum -6%
Marathon Petroleum -2.5%

Normal day on DOW and the O&G sector down only a few percent .... so business as usual, move along, nothing to see here.

Important to note that DOW oil companies having a normal day today, WTI futures having very little impact ....

Exxon Mobil Corp -4.3%
Chevron -3.1%
ConocoPhillips -1.5%
Occidental Petroleum -6%
Marathon Petroleum -2.5%

Normal day on DOW and the O&G sector down only a few percent .... so business as usual, move along, nothing to see here.

Important to note that DOW oil companies having a normal day today, WTI futures having very little impact ....

Exxon Mobil Corp -4.3%
Chevron -3.1%
ConocoPhillips -1.5%
Occidental Petroleum -6%
Marathon Petroleum -2.5%

Normal day on DOW and the O&G sector down only a few percent .... so business as usual, move along, nothing to see here.

Contracts need to be closed otherwise the physical delivers will need to be made and contracts closed financially.

Traders gambled on wti futures and lost .... having to close out regardless of their losses. Hope lots of traders that helped pull WTI down and get us in the mess we are now, are now burning themselves ..... probably loose their jobs tomorrow morning, so no loss there then.

Normal day over on DOW and the O&G sector down only a few percent .... so business as usual, move along, nothing to see here.

I'm aware of that, just that its nice to see the traders who got us into this mess being in a mess themselves, what goes around, comes around .... scrambling to close their contracts ...lol

Just hit 1 cent barrel ..... $0.01

$0.08 ......8 cent barrel ..... omg -99%

Important to note that DOW oil companies hold their own atm ..

Exxon Mobil Corp -3%
Chevron -2%
ConocoPhillips -0.4%
Occidental Petroleum -6%
Marathon Petroleum -0.5%

$0.08 ......8 cent barrel ..... omg -99%

Important to note that DOW oil companies hold their own atm ..

Exxon Mobil Corp -3%
Chevron -2%
ConocoPhillips -0.4%
Occidental Petroleum -6%
Marathon Petroleum -0.5%

MARATHON PETROLEUM CORP down -0.47%

btw, Brent doing well, only 6% down.

WTI -78% ..... $4.10 barrel ... Oh boy, someone will loose their jobs .... rout happening atm

If this doesn't focus RRC minds for tomorrows announcement, nothing will.

Thought they could buy low and sell high but didn't work .. omg the bounce is going to be massive when it happens.

-58% ($7.80)