Not related, it is May contract that expiring today.
Whoever bought the May contract at 0 and expired, need to do the settlement, means they need to take up the delivery of crude oil. And those crude oil will be sent to your house....

Why it plunged to 0? Because speculator (likely not those refiners or petrochem companies that can take up delivery and store) in the market need get rid the futures contract to avoid taking the delivery. Market little buyer, as everyone storage is full, then just like force selling in the stock market, threw previous bought contract until zero or once become negative...

June contract is still above USD20+.
Once May contract expired today, you will see the published spot price for WTI will be based on June contract price, which is now USD20

Whoever that got the storage, or the foresight to buy short term storage spaces is going to make a killing.

1 month contra for a 50+ usd / barrel difference, but that is assuming the spot rate by June holds up as the futures.

Storage place run out...

Many have been filed up, when the price below USD30, below USD20, below USD10.
Whoever taught below 10, let alone USD1.60 today.

Many tankers at the sea are used to store crude oil, instead of delivery.

Sooner or later... We'll face it.

Sold AEON yesterday at cost and topped up some selected shares. Bought MFlour yesterday.

Sold MFlour today for a gross profit of +15.84%.

The market is all red today. Wrong timing for topping up yesteday!

Not wrong timing if u r in for long term. Honestly short term nobody can predict

Really moungantai

My Serbadk from profit to loss kawkaw within few days

Is it good time to buy o&g stock ?

1 day 15%?! Pro!

Human nature. We always desire to buy at the lowest price.

Just pure dumb luck.

No way u can catch at bottom . WB says he cant la. Whoever can do it probably is a saint

i spoke too soon?
look like if the trend keep on for 2 more days then good to in i guess?

not an expert chartist here but serbadk is double top now bro

That is not a double top

bloodshed continue tomorrow

It's gonna be lower low, damn.

Should have cash out all ytd.

I left very little gain.

Can't sleep already

Average down lo. I also scared to see my portfolio tomorrow but will try to use this experience to better my investment skills

No worries, sleep well .
Trump say everything will be okay.

That’s why be an investor. Don’t be a speculator.

I knew for a fact that oil surplus was already happening since last month

But didn't know that it is that bad that it can spread back to the stock

Now the selling pressure is sky high


Average down is not that easy either

In one month

I one order 5k for genting stock, to average it I all together put 40k plus to even it out by 3.8, that exclude 2 trades of gaining 0.10 along the way. The problem of average down is, when gaining, still hold it, when losing, buy more. The money used gonna be very big and

Last week got greedy, put few stocks 10k per order, it turns red by today, were gaining for last few days.

My emotions now is whether to cash out all while having little gain or just forget about it

I thought it all priced in already

Shit gets real this time.

Sell or hold. Kimak