Just in the early hours of yesterday, the US West Texas Intermediate crude oil futures price,
From 17.85 US dollars per barrel fell below 0 US dollars, the lowest fell -40.32 US dollars per barrel, yes you are not mistaken, the US crude oil futures collapsed! In fact, to put it bluntly, water is now more valuable than oil! Because every time you buy a barrel of oil, not only do you not have to pay any fees, oil suppliers also have to pay you back, the more you buy, the more you earn!
Xiaobian really ca n’t believe that the fact that selling oil has to pour money into money actually happened.
Of course, there must be Trump operating in secret.
The purpose is to create panic by suppressing oil prices, thereby shifting the fact that the domestic epidemic cannot be controlled.
After all, because of the epidemic, Trump ’s reelection is not smooth.
So Trump is going to create a crisis to show his greatness and contribution,
After all, American history proves that if the crisis is particularly large, the president is more likely to be re-elected.
But then again, the old man Trump has seen a crash and immediately changed his mouth,
The United States will study to purchase up to 75 million barrels of oil to supplement national strategic reserves,
But there is a premise that Congress approves the funds.
Trump ’s move is the same as the Fed ’s previous large investment in the market.
The purpose of buying oil this time is not to replenish national reserves, but to save the market.