>Expecting a bounce out of Thursday's lows.
>Gap down on Friday
>Every market in the world now in lockstep with /CL
Whew lads. Beginning to break a sweat.
>>997474
Will the market be going down tomorrow?
Oil below 35. Strap in for another exciting day!
what the fuck is even going on i've lost an assload of unrealized profits since 3-4 december
>tfw you regret not selling at your personal ATH on 3-4 december
IT'S TOO LATE TO SELL
>>998145
>>998145
Dude, this has only just begun.
Prices are still very high, and largely overpriced
Oil will be soon $20. Wont seee €35 again in 10 years.
I'm jerking off ova here
>>998199
I'm mighty hard myself.
>>998112
Likely rate hike+warm winter+OPEC=possible crisis for high-yield bonds in energy sector at some point, maybe.
>December is a safe month they said.
>Santa Clause rally they said.
Gonna wait til after the Fed has the FOMC meeting. After that I will reallocate.
>>998324
what's the plan depending on what they decide? if they do the rate hike, is it good or bad? if they leave it unchanged, is it good or bad?
>>999241
no one really knows. You'd need tremendous insider knowledge about what all the big IBs in aggregate would do, and you'd need to get ahead of the move. or you could watch the market and see.
>>997474
mexico is selling barrels of oil to america at 20 its been reported
the steam bath just got hotter baby
>>999262
how is a falling oil price bad for the west if it's due to a large supply rather than a low demand?
>>999284
Canada's fucked, so our central bank isn't going to consider raising rates anytime soon (hell they could even cut further)
this combined with a US rate rise would just shoot our dollar down even further to shit, somewhere in the 60 cent range vs USD. Oil jobs are getting BTFO so higher unemployment and less consumer spending as people tighten their belts
>>999284
USA Largest producer of Oil & Gas, largest oil service companies are from Western Countries - spending has fallen 75% meaning a big chunk of eroded GDP.
>>999259
of chinesenings?
>>999284
climate change will reduce demand
>>999262
>>999589
Nope. Wouldn't touch oil or any commodity with a ten foot pole at this point.
Sauce on $20 Mexican oil? How big are these backdoor deals we're talking about? Also why would this be super good besides the greater consumer spending?
>>999284
It's partly slowing demand that's creating fear of global recession, but >>999559 is more relevant to the indices right now.
>>999626
http://www.msn.com/en-us/money/markets/forget-dollar35-crude-worlds-cheapest-oil-is-already-near-dollar20/ar-BBnxuO5
>>999628
>Some producers of thicker, blacker and more sulfurous varieties have suffered heavier losses and are already living in the $20s
Could mean something, but it's an inferior product to /cl and /bz and is priced as such. I don't know how the world's numerous oil grades and their prices correlate with the benchmarks, but I ain't seeing Goldman's $20 prediction just yet.
drilling oil when you could be mining coins.
It's like they want to be kucked.
>>999626
>Also why would this be super good besides the greater consumer spending?
if the demand stays the same but the supply goes up then western companies that consume oil and oil-related products could spend less money and/or use more oil to increase their profitability
>>999643
you can say cuck now
>>999665
True. I remember airlines being hot shit about this time last year when we were in that initial oil free-fall. Question for the overall economy is whether those industries can compensate for defaults and layoffs in the oil patch, no?
