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-0.00132159104164231 0 0.00711536218359967 0.00944826781756681 0.0201796337338155 0.0256747929546249 0.033477195847428 0.0262451883821299
Stock impact report

Oil could soon fall to -$100 per barrel: Energy analyst [Yahoo! Finance News]

Chevron Corporation (CVX) 
Last chevron corporation earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: chevron.com/investors
If you thought the collapse in oil prices this week was bad, next month could be “fundamentally worse,” with prices falling to -$100 a barrel, says one energy strategist.“Oil is difficult to handle and if you can't put it anywhere, it becomes an environmental liability literally. So over this next month storage is now effectively full, you could see some extreme negatives in terms of prices offered,” Paul Sankey, managing director at Mizuho Group, told Yahoo .On Wednesday WTI crude for June delivery CLM20.NYMCL=Fbelow zero for the first time in historyas storage capacities“The problem in the market today is really one of infrastructure and storage. Of course the biggest problem being that demand is down at absolutely previously unseen levels in the modern era,” said Sankey.Crude prices could go negative again as 40 million barrels of Saudi oil arecurrently on route“Those barrels take 45 to 60 days to arrive. And we can see this a flotilla of tankers that are coming towards the U.S. ma Show less Read more
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