Steven_1974
Member
Oil really can't get much lower than this. Might be time for buying USO and DBO and hold it long term. When things eventually rebound you could really make some good gains.
4.04 for a barrel of oil? Crazy timesIt went down even further: to $4.04!! Of course, this is just the front month, which is very thinly traded and will expire tomorrow. The much more representative month is June, which is in the $22s/down nearly $3.
May crude just traded down to $2.99!! However, June remains just above $22.
Edit: $2.26!!!!
I see 3.02 as the low?
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a couple more hours and they'll be giving it away ...Going to zero. ?