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Can WTI go to sub $0 in the Spot Market?
Medlem sedan Aug 07, 2019
3 inlägg
Apr 22, 2020 at 12:22
Medlem sedan Aug 07, 2019
3 inlägg
most of the CFD brokers send emails these days, disabling OIL CFDs or keeping Close-only orders... with notice that all positions will be closed if Spot price goes below $2-3...
btw. not sure if any MT4/MT5 platform can go negative:-) I doubt they are built for that
btw. not sure if any MT4/MT5 platform can go negative:-) I doubt they are built for that
Medlem sedan May 10, 2019
14 inlägg
Apr 22, 2020 at 15:16
Medlem sedan May 10, 2019
14 inlägg
The real price of Oil which is the one found on the Spot market is the one to pay attention to. According to my broker, yes price can go negative but we cannot place orders there because of the platform. A whole lot of Bull.
forex_trader_584508
Medlem sedan Nov 27, 2018
4 inlägg
Apr 22, 2020 at 15:56
Medlem sedan Nov 27, 2018
4 inlägg
The reason that we saw negative pricing in the futures market yesterday was because of a specific problem with settlement mechanism of the May 1st WTI contract (which requires—by law— delivery into the landlocked tank farms at Cushing, Oklahoma) rather than wider national or global build in storage (contrast with the seaborne Brent price for May).
Cushing Oklahoma is a literal choke point in the supply network of oil in the south-central U.S. All pipelines of finished product lead to Cushing in the inner U.S.
Cushing Oklahoma is a literal choke point in the supply network of oil in the south-central U.S. All pipelines of finished product lead to Cushing in the inner U.S.
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