Oil plunges to lowest since 1986 amid historic glut

I have a bet running for almost 4 weeks now. Back then I bet that Bent will fall below USD 10/bbl at least once before June 30th 2020. I thought that this was a gutsy bet but there is a good steak in the balance so I thought that’s a position I can take. It looks like we are getting closer. I understand traders fleeing the May contract. They have a hunch that the cuts will be too little too late and that once we hit tanktops on storage there will be pandemonium. What do you think will happen when it does for real. You ain’t seen nothin yet.

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