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Thanks to pro from #hur advfn
Dont forget - Saudi are offering a massive 10.25 discount a barrel on Arab Light to Brent price to Europe.
So if Brent is 30 US$ a barrel - Saudi is selling at under 20$ a barrel.
Can Putin go to 19$ a barrel to beat Saudi Arab Light ? I think he is not at all happy now.
We are in a much worse situation than 2016 oil crash because of manmade Corona virus.
Banks around the world have the lowest interest rates in history!
They cant lower rates to stimulate the economies.
People are gonna make fortunes from buying the lows here and riding it as long as this dont carry on too long and go bankrupt
10p could easily be seen here 140m mkt cap
It's pure madness
10p - 140m
15p- 210m
20p 280m
Goodbye shale
Goodbye lenders
Goodbye America economy
Man made Corona virus created to
Crash oil
Crash market
Crash economies
Bring down Mr trumps markets.
There was no other way smash the markets.
Oil hit hard from Corona so opec had no choice to cut. Then smashed down again.
Honestly there are no lengths to what certain people will go to to make even more money.