Monday, April 20, 2020

Was WTI As Low As Minus $40/Bbl Today? April 20, 2020

Did y'all notice this?

WTI closed at a minus $16.20/bbl. But it was actually worse during the day.

That -$16.20/bbl was actually $21.43/bbl better than it's low. Apparently WTI traded as low as -$37.63/bbl.

One wonders if mom and pop mineral owners will be required to pay operators upwards of $40/bbl? LOL.
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2 comments:

  1. AnonymousApril 20, 2020 at 6:24 PM

    So instead of receiving a check there will be an invoice?

    ReplyDelete
    Replies
    1. Bruce OksolApril 20, 2020 at 7:44 PM

      LOL. Yes. I would not advise mom-and-pop mineral owners to open their correspondence from the oil companies for awhile. Just joking. LOL.

      Delete

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