Oil (OIL/USD) Urgent to consider: the future price of oil will be less than $ 1 Cent

in #oil4 years ago

Today the price falls from $ 18 dollars to $ 1 cent

Let's see

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The price falls but there is no purchase volume so we are seeing these prices

Oil is a difficult commodity to store due to its volume and weight. The storage price is higher than the current price of oil that makes the price drop more

This value could affect those countries that mainly export oil

And it could affect your imports, causing the global recession to lengthen over time.

What you think?

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