According to the rollover rules, June CL is now the front contract. When it rolled over at 6 pm, it brought about a $6 per barrel premium over the May contract. June CL now down 60 cents from the opening to around $24.90.
They're all waiting for that Trump Tweet. "Effective immediately, to save our great oil companies and the 10's of thousands of great employee's, I have ordered the (?) Department to institute a 50% tariff on all foreign oil imports into the USA."
Ya know I wouldn't be surprised if Trump took this opportunity to use the Justice Department to break AMZN up a little. Save some mom and pops. I think the reason he hasn't done it yet tbh, is its such large weight in all the indexes. We'll see.
This is really for a different thread, but we have a great market going oil now. Nice bid occurring. As I mentioned a while back, I bought CL for the long haul.
Ride that right up to the Veezee top there B1. How many accounts do you have anyway? You've pretty much got the world's finance centers covered don't ya? Yeah. Hey that Orwell quote went over my head btw. Go figure huh? Can't you quote someone like Bear Bryant or something? Tobey Kieth? Here ya go, speaking of... this is a good song 4u if we get some new highs. Love this song.
You said you bought cl a few weeks ago. It went down to $17 today. You bought at $22 or so. So you took at $5 hit and rolled it to the June contract?