Nope, just no storage space in OK for oil. Options traders panic, sell to people who know how to store oil, like Fed Gov.
Today is 4/20, are we going to get legal weed today?
>4/20 Today - Big Oil Will Pay the USA to take oil off their hands. POTUS makes a profit for the tax payer. Possibly doen't need Congressional Approval to NOT buy
good stuff
NOTABLE
The notables should contain one or more of these posts explaining what happened with oil today.
Futures traders don't have the ability to store oil. That explains a lot.
The inability of futures traders to store oil means that Fed Gov got a great deal on a bunch of oil.