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GreatGazoo

(4,666 posts)
13. had a pro trader tell me
Wed May 6, 2026, 09:56 AM
2 hrs ago

"just buy oil when it goes under $60" Can't lose. Might take a while to go back up but since the world is just "an oil cartel with militaries" they will make sure it goes up, eg start a war, shut down Venezuela, etc. I bought last summer when it was $57. $54.98 would have been even better but the window when it falls under $60 is always brief.

Was wild when oil went negative. Thought I knew the basics but had never considered that it could go negative. Literally paying people to bring trucks to Oklahoma and take delivery. Shutting down the pumps and pipelines can damage them (as we hear now about Iran's). It's a crazy business in a crazy world.

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