Collapse of crude oil prices

[Averim]

This is the proof that we, the final consumers have the power to control the price of oil, no demand no money. Unfortunately this is for a short period of time.

[tokoorochan]

I really do not know what happened to OIL prices, had experienced a terrible decline throughout history, and a very drastic increase up to 200000% in a day, that's a new record in my opinion, is this market manipulation?

market manipulation will always there in stock or commodity exchanges, speculator will always do bad thing to earn money.

The reason for the collapse is just no demand. Demand in simply term is request for a commodity and when it does not happen, no supply or delivery. That means at the time now, only production can go on and no utility or end use so price will go down automatically.

oil demand from manufacture industry drop alot since personal consumption decrease alot when people didnt get money from job.

[tbterryboy]

This has been a huge challenge this year. But I know for sure that it’s not going to continue forever and the price of Bitcoin will not fall forever, it is just a matter of time and all these things will pass and things will get better and go back to how they used to be before now.

Oil seems to be what’s being mostly affected in this situation right now, it kept crashing and reached to the extent of what we least expected would happen. The price of reduced to a negative $37, and some people have been asking whether this is going to be having any effect on the price of bitcoin, but I don’t really believe that one.

[Barbut]

This has been a huge challenge this year. But I know for sure that it’s not going to continue forever and the price of Bitcoin will not fall forever, it is just a matter of time and all these things will pass and things will get better and go back to how they used to be before now.

Oil seems to be what’s being mostly affected in this situation right now, it kept crashing and reached to the extent of what we least expected would happen. The price of reduced to a negative $37, and some people have been asking whether this is going to be having any effect on the price of bitcoin, but I don’t really believe that one.

It will not last forever, but while it lasts there will be a huge problem. I think that we will see the consequences after oil we will see the stock market going down entirely! I think we are witnessing a big oil war, and that war will spread. This is not over, we will see a lot more about oil in the upcoming months, and the culmination is waiting for us, in some moments I think that big problems are yet to come, so people don't relax yet!

[plast555]

What we are seeing right now is not seen before and I think it will not happen again too. All the oil companies are expanded a lot all these years for meeting the demand and they didn't know situation like this happens as the demand has fallen sharply and companies running out of inventory to store the producing oil and OPEC has decided to cut the production for the month of May and June by 10M barrels per day. All these fall in price and reduced barrels sales gonna hurt the companies a lot which might trigger the economic crisis.

[abhiseshakana]

market manipulation will always there in stock or commodity exchanges, speculator will always do bad thing to earn money.

Yes and no, commodity markets are indeed attractive to speculators because they basically bet on oil prices in the future. Speculators can win and get profits, or vice versa, lose and suffer losses. But many companies also want to ensure that their activities are not interrupted in the future, and need to guarantee the supply of fuel for the continuity of production. So they need futures transactions to guarantee the production process, not to speculate.

This practice does not only occur with crude oil commodities, but also with many other commodities such as corn, wheat, soybeans, and coffee. For companies, futures make it easy to calculate and plan costs for the next few months.

[coolcoinz]

It will recover because the fall is due to market manipulation by oil cartels. The fundamentals are still strong, just like the fundamentals of Bitcoin.
You have to realize that oil is a finite resource and the demand for it is contunuous. We all have cars, we all ride busses, and so on. Cruise and cargo shisp need it, yachts of millionaires are fueled by it. It's not going to keep being sold for cheap.
Also, all artificial influence on the market from governments and cartels can give you a false impression that there's something wrong with the commodity itself.

[BD Money365]

I am not sure how to react to that other than say that nobody, whether they’re 120 years old or whether they’re 20 months old, has ever seen an oil price lower than this.
The run was definitely characteristic of a historic tolerate marketplace for oil, which has been sunk by the breakdown of claim as a findings of coronavirus outburst and a short-lived but menacing assess war between Saudi Arabia and Russia that new level new crude to an oversupplied market.

[jrrsparkles]

It will recover because the fall is due to market manipulation by oil cartels. The fundamentals are still strong, just like the fundamentals of Bitcoin.
You have to realize that oil is a finite resource and the demand for it is contunuous. We all have cars, we all ride busses, and so on. Cruise and cargo shisp need it, yachts of millionaires are fueled by it. It's not going to keep being sold for cheap.
Also, all artificial influence on the market from governments and cartels can give you a false impression that there's something wrong with the commodity itself.

Definitely it will go up because oil is essential for every country to start their daily work routine but the oil producing companies produced too much of barrels when there is no demand such causes problems with storing of it and which resulted into negative prices on international market.

[super bako]

It will recover because the fall is due to market manipulation by oil cartels. The fundamentals are still strong, just like the fundamentals of Bitcoin.
You have to realize that oil is a finite resource and the demand for it is contunuous. We all have cars, we all ride busses, and so on. Cruise and cargo shisp need it, yachts of millionaires are fueled by it. It's not going to keep being sold for cheap.
Also, all artificial influence on the market from governments and cartels can give you a false impression that there's something wrong with the commodity itself.

Definitely it will go up because oil is essential for every country to start their daily work routine but the oil producing companies produced too much of barrels when there is no demand such causes problems with storing of it and which resulted into negative prices on international market.

of course it will go up later, I see some countries are not in accordance with the decline in oil prices. although oil prices have fallen, fuel prices for vehicles have not gone down in some countries. whereas the decline in fuel prices when in a pandemic / covid-19 condition really helps the community increase purchasing power. is this not very consistent with concern about political fraud

[Chrystora123]

Crude oil prices are currently at the lowest level in the last 20 years (not the first time)..  This phenomenon occurs due to lack of market demand for crude oil needs because of this "PANDEMIC".  at the moment there are around 40+ countries that impose "LOCKDOWN" (which means there is no activity at all) and the rest only impose "LIMITATION OF DISTANCE".. 

The United States, Russia and Arabia (the 3 biggest oil-producing countries in the world) surely feel the worst impact of this price reduction.  they can't do anything even when China buys a lot of crude oil as their stock. it is certain that the price of crude oil will rise again but it cannot be predicted when and to what extent (price)..

[qory]

This situation happen because many countries try make production and have much stock so oil price down, with world get crisis almost business stop working and oil have been in lower price, but many countries not make their oil on lower price and keep the same price before oil in lower price,

[TastyChillySauce00]

This is the proof that we, the final consumers have the power to control the price of oil, no demand no money. Unfortunately this is for a short period of time.

you need to realize that even if we do have the power to control the price by not buying it as a final consumer, our vehicle still rely heavily on the use of oil as a fuel and if you want a real independece from oil you should start using those electric vehicle.

[abhiseshakana]

Crude oil prices are currently at the lowest level in the last 20 years (not the first time)..  This phenomenon occurs due to lack of market demand for crude oil needs because of this "PANDEMIC".  at the moment there are around 40+ countries that impose "LOCKDOWN" (which means there is no activity at all) and the rest only impose "LIMITATION OF DISTANCE".. 

The United States, Russia and Arabia (the 3 biggest oil-producing countries in the world) surely feel the worst impact of this price reduction.  they can't do anything even when China buys a lot of crude oil as their stock. it is certain that the price of crude oil will rise again but it cannot be predicted when and to what extent (price)..

Seeing the decline in oil prices from a geo-strategic geopolitical perspective nearing November 2020. America is the protector and partner of Saudi Arabia who gave approval for the decline in oil prices. Market oil cadres are Saudi Arabia, America, Venezuela, and Russia, others are small players. Saudi Arabia wants to be a controller of oil with America. MBS pushed prices below the production prices of all countries. 11 dollars where the Saudis are still profitable and who buys all of its oil is America.

The Saudi strategy of lowering prices is making all oil companies bankrupt. All who held oil bonds screamed. And in the end, the oligarchy that holds the dollar will buy oil bonds and collapsed oil companies and other securities-related to oil and oil products. Therefore, the FED flushed QE (read printing money) to incumbent oil players and supporters of the republican party to buy world oil companies that collapsed and the United States collected oil stocks for the next 1-2 years. Energy as a key to war began to be turned off.

Currently, many countries are aggressively making demands on China in collaboration with WHO officials, ranging from Germany, Israel, America, Britain. There is a possibility that China's dollar securities will be detained by all countries including America. China has no dollar and a lack of energy. China does not have energy as its national reserve, all are imports.

Field facts at this time, there are two fronts of the Chinese American war. Arabia versus Russia, The Colder War Version 3.0. The purpose of energy control is for war purposes and it is estimated that the war zone in the South China Sea and the Korean Peninsula, with the Korea Unification campaign with South Korean winners (assisted by the Americans). Trump just needs a big trigger to trigger a war like an issue that just circulated that the North Korean president is seriously ill.

Trump needs something to win, corona drugs (hydroxychloroquine and remdesivir) which are predicted as game changers are actually failing. Trump tried to blacken China but China fought back. Trump then blamed WHO. Then begin disinfecting liquid discharge, blazing sun, ultraviolet light, and bleaching fluid. But nothing can lift Trump's prestige. As megalomania, Trump will go all out and release the capabilities and back up shadows of the people behind the republican party.

[Wind_FURY]

is this market manipulation?

OPEC is a cartel, of course they manipulate the market!

Headlines with the most probability to trend starting 4th quarter of 2020, and for the whole year of 2021, "Oil spills". The over-supply of Crude Oil must go. Hahaha.

2021 - 2026 won't be good years to practice Pescatarianism. Hahaha.

https://twitter.com/subnut/status/1255081820938539008

Those oil tankers would have no other choice, but to dump the oil in the ocean to save costs/expenses. It is going to be crazy.

[lepbagong]

It is quite predictable due to Global lockdowns caused by this pandemic. The demand is low but after this crisis I believe that it would go back to its normal phase. Slowly but surely.

the influence of "stay home" because pedemics affect the use of gasoline is not yet with "Lockdown" then flights are also closed between countries. so that all usage related to petroleum is affected. I agree with the colleague above, maybe after completion of the pedemic, it will gradually improve but it also takes time because there are quite a lot of reserves. because oil drilling cannot stop because the costs will be greater than having to sell oil reserves at cheap prices.

[Jaspion]

This is the proof that we, the final consumers have the power to control the price of oil, no demand no money. Unfortunately this is for a short period of time.

And for this short period of time we have most of the people being online at the same moment, so we can communicate and cooperate more efficiently.
I assume there still are methods of distraction, so we could not being as unite as we could be

[Snappycoco]

It is quite predictable due to Global lockdowns caused by this pandemic. The demand is low but after this crisis I believe that it would go back to its normal phase. Slowly but surely.

[fiulpro]

It is a Pandemic that we are going through and therefore due to Quarantine people are actually staying at home and the demand for crude oil is plummeting.
One cannot just go around and sell them when no one wants , the market would have to close down till the time people starts going out. Also one should understand that it is really hard for the government to shut down everything and they are loosing huge money and so are the people and therefore soon enough I do believe they will either go for heard immunity or at least decrease the quarantine measures .
Then one can expect the graph to go up. There is literally nothing that can be done, if people are gonna stay at home someway or the other the market will go down and it is for the safety of others .

[FanatMonet]

I heard a figure that now about 25 million barrels per day are unclaimed in the world, which is about 25% of the total production, and given the fact that there are much more vouchers on the exchange than there are directly oil, this was expected, the only big surprise , this is a price drop in the negative, and even so low.