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Oil: The world could soon run out of space to store oil. That may plunge prices below zero [CNNMoney.com]

Chevron Corporation (CVX)  More Company Research Source: CNNMoney.com
Last chevron corporation earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: chevron.com/investors
The world could soon run out of space to store oil. That may plunge prices below zero New York (CNN Business) The world's thirst for oil has evaporated. Highways are empty. Planes are grounded . Factories are dark. The unprecedented collapse in oil demand has sent crude crashing to 18-year lows. Supply, on the other hand, remains largely resilient amid a price war between Saudi Arabia and Russia. US producers don't want to be the first to blink by turning off production. That could mean a supply glut so epic that the world will soon run out of room to store all the unneeded barrels of oil. "The market is starting to signal that not only is there no demand for this crude, eventually there could be nowhere for it to go," said Jeff Wyll, senior energy analyst at Neuberger Berman. Read More In other words, storage facilities, refineries, terminals, ships and pipelines eventually could reach capacity -- something that hasn't happened since 1998, according to G [Read more]
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Stockreport

Oil: The world could soon run out of space to store oil. That may plunge prices below zero [CNNMoney.com]

Chevron Corporation  (CVX) 
More Company Research Source: CNNMoney.com
Last chevron corporation earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: chevron.com/investors
The world could soon run out of space to store oil. That may plunge prices below zero New York (CNN Business) The world's thirst for oil has evaporated. Highways are empty. Planes are grounded . Factories are dark. The unprecedented collapse in oil demand has sent crude crashing to 18-year lows. Supply, on the other hand, remains largely resilient amid a price war between Saudi Arabia and Russia. US producers don't want to be the first to blink by turning off production. That could mean a supply glut so epic that the world will soon run out of room to store all the unneeded barrels of oil. "The market is starting to signal that not only is there no demand for this crude, eventually there could be nowhere for it to go," said Jeff Wyll, senior energy analyst at Neuberger Berman. Read More In other words, storage facilities, refineries, terminals, ships and pipelines eventually could reach capacity -- something that hasn't happened since 1998, according to G [Read more]
IMPACT SNAPSHOT
EVENT TIME:
CVX
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS