🛢️ ~ Oil Spirals Below Zero in ‘Devastating Day’ for Global Industry ~ | Blogger: SoTW talked to my danish CEO-friend in Thailand who owns and runs a dry cargo shipping company and he basically says, everything sucks!... The world is spinning different now, he says. Oil costs almost nothing, and the world is rapidly running out of space to store crude oil, especially in USA, which means if you have free stock capacity, you can make a buck. Dry cargo shipping (and containers) are very poor, few new cargoes, no coal for India (lockdown), China is not buying either at the moment as their industry is running on low gear. South Africa is closed etc etc In Bangkok, the government banned the sale of beer, wine and spirits on April 10 to 20, but postponed the ban on April 30. No flights, restaurants, cafes are closed... And viruses are still here!, he says... 🤫PS: Perhaps it's a good idea to tell him, it's all a HOAX. And the so-called 'CV19 virus' is more about implementing SkyNet Borg-Control (Resistance is futile) kinda situation to put Humanity in a lockdown. For DNA profiling, Global Vaccination and implementing sophisticated advanced measurement, like The Social Credit System and Chinese & NWO Elite ONE world dominance... Buuutt, he wouldn't believe me if I told him, and i'm just a crazy scared man wearing tin foil hat... |

Source (Bloomberg.com)

The day started like any other gloomy Monday in the oil market’s worst crisis in a generation. It ended with prices falling below zero, thrusting markets into a parallel universe where traders were willing to pay $40 a barrel just to get somebody to take crude off their hands.

The move was so violent and shocking that many traders struggled to explain it. They grasped wildly at possible causes all day long -- had some big firm got caught wrong-footed? Or were inexperienced retail investors flummoxed by a market quirk? -- but had no tangible evidence of anything to point to.

West Texas Intermediate futures have been the benchmark for America’s oil industry for decades, seeing the market through booms, busts, wars and financial crises, but no single event holds a candle to this. By the end of trading, the contract had slumped from $17.85 a barrel to minus $37.63.(READ MORE)