Drink Crude, it’s Cheaper Than Water, from Sushil Kedia
1 barrel = 158.987 litres 20$/barrel=0.1258$/Litre
A bottle of water costs cheaper now. So do I drink crude? At least on the trading desk!
Massive contango. Next Month is 35% higher and the month after is 60% higher. Isn't this a free lunch? So one is wondering if it is free then is there something that I haven't figured out that can end up making me the lunch?
Isn't the senator's ratio of price of anything / price of gold in case of crude at an all time low?