Watching the May contract
for oil futures this morning, I was shocked at the amount of coverage
given to “oil’s plunge” Monday morning. That may be because I watch the
May 2021 WTI futures contract, which has fallen $0.18 per barrel to
$35.34 in early Monday trading, not the May 2020 contract which has
fallen an astounding $7.42 (more than 40%) to $10.84 per barrel and
drawn all the headlines.
https://www.forbes.com/sites/jimcollins/2020/04/20/the-us-oil-etf-uso-is-the-culprit-behind-oils-massive-plunge/#7d25978724e8
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