A delivery would have actually been paid to accept it rather than paying to buy it to better understand this lets look at the most widely followed Oil Futures Contract in the United States west texas intermediate crude its june contracts fell over 40 percent with fewer people driving flying or shipping this combined with an excess in Global Oil Production has greatly contributed to the falling market just we have never seen anything like this and of course its a consequence of the pandemic which will eventually and still Oil Production production had already outpaced our need for it so where do you see the oil industry going from here is this a wake up call for it. Well you need to let me take you back in time 1st lets go back to the end of the vietnam war when the war ended in vietnam we had plenty of gas we were supporting the war machine war machines require huge amounts of gasoline and oil yet when the vietnam war ended what happened there was an oil shortage how could there possib
Negatives for the 1st time in history as demands dries up due to the global coated 19 pandemic on monday the price of crude oil fell to negative 37. 63 so anyone expecting a delivery would have actually been paid to accept it rather than paying to buy it to better understand this lets look at the most widely followed Oil Futures Contract in the United States west texas intermediate crude its june contracts fell over 40 percent with fewer people driving flying or shipping this combined with an excess in Global Oil Production has greatly contributed to the falling market just we have never seen anything like this and of course its a consequence of the pandemic which will eventually and still Oil Production production had already outpaced our need for it so where do you see the oil industry going from here is this a wake up call for it. Well you need to let me take you back in time for sed lets go back to the end of the vietnam war when the war ended in vietnam we had plenty of gas we wer
19 pandemic on monday the price of crude oil fell 8 to negative 37. 63 so anyone expecting a delivery would have actually been paid to accept it rather than paying to buy it to better understand this lets look at the most widely followed Oil Futures Contract in the United States west texas intermediate crude its june contracts fell over 40 percent with fewer people driving flying or shipping this combined with an excess in Global Oil Production has greatly contributed to the falling market just we have never seen anything like this and of course its a consequence of the pandemic which will eventually and still Oil Production production had already outpaced our need for it so where do you see the oil industry going from here is this a wake up call for it. Well you need to let me take you back in time for sed lets go back to the end of the vietnam war when the war ended in vietnam we had plenty of gas we were supporting the war machine war machines require huge amounts of gasoline and oi
Matt no cheating. The Trump Administration removes its designation of china as a currency manipulator ahead of tomorrows expected signing of a phase one trade deal. Proceed with caution. Markshares howard tells bloomberg exclusively, investors should beware of the bull market. The market has been up for 11 years. We are in the longest bull market and expansion in history. Profits are not rising though stock markets are. It does not mean the market will go down tomorrow but it does mean that the odds are in my opinion in the investors favor. Matt fit and focused. Can the former maintain its dominance when it comes to fixed income currencies and commodities . We are just an hour were away from the start of cash equity trading. Let us take a look at future us. Daxave green arrows here on futures and ftse futures and cap futures. We are looking at gains of about. 2 per 0. 25 green arrows in the u. S. Futures picture although they are not quite a strong with the exception in general, they a
I want to mention a couple of upcoming events. On december 4th we have a news maker with Sheldon White house and on december 9th a headliners coffee and conversation with lonnie bunch. And i would like to present miss abrams with down of the most highly coveted items in washington d. C. A National Press club coffee mug. And finally, before your race, one of the things you were known for was writing romance novels. Is there another novel in the works . Oh im glad you asked. I technically still have to write the third novel in the trilogy that i stopped writing when i became democratic leader. Im going to get that one done, because i dont want to hear from my mom or sister again about this. Im working on a new legal thriller, and that should be coming out sometime in the near future. But its going to be under stacey abrams, because the other name is kind of known. Thank you for being with us. Thank you for having me. And we are adjourned. good morning, everyone. The committee will come t