Biggest Oil Crash In The History

The market on the oil is crashes with the exceed of the crude oil and no buyers are longer interested to by more crude, As the storing capacity is reach to the maximum range and there are not more space to keep the crude and the digging of the crude is not going to stop by neither Russia and the Saudi Arabia. The global market is going to the negative and the investors are shifting to the US Treasury securities, they are trying to lower the investing risk on the oil and the inflation in the short term trades which is possible with this cheaper oil price which is cheaper than free.

This price fall of the oil is the first time in the overall history its has not done before this year, But it should not be for life time as the Virus problem path is going to get smooth this dark night will over and the regular price will come back to the life, People are not using any kind of fuel these days as the whole world usage is almost decrease by 99% the use of the oil is almost zero so the price must be affected like this, looks like the world is stopped almost, the current investors are almost out and the price is not going to up soon in short term but for the positive side if more investors are come and it will pump the price in a positive side that could be the possible reason for the price pumping.

It’s very hard to predict where the price of the oil is going from here because the oil is running to zero and now all the stocks are down and the price is not predictable, You should stay away from the market is you are thinking about the big investment, the price is not going to be in a good direction until the pandemic ends.

Oil future will be the same as the virus path are clear in the future.