章 430: Oil Prices
So the price of oil has suddenly gone into the negatives. They've run out to space to store it all and need to pay to get rid of all the excess.
Today on monday, 20/04/2020 (04/20/2020), there was a massive drop in prices. I'm seeing numbers anywhere from -172% all the way up to -250%.
At the moment, you could theoretically earn over 40$ per barrel of oil you buy (if you somehow found a way to).
"Worst" of all the numbers are still dropping.
2020s still got more than 8 months to go so I'd hold off on any large investments for the time being. You might just be dumping money on a sinking ship.
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