Chaos in the oil markets explained
Chaos in the oil markets explained

Whitney Tilson’s email to investorsdiscussing his colleague Berna Barshay on the chaos in the oil markets.Q1 2020 hedge fund letters, conferences and moreThe Chaos In The Oil MarketAfter more than 25 years since my first day on the trading floor, it’s not often that I see something that I’ve never seen before – and never thought I’d see!But yesterday was one of those days, when the price for the May WTI crude oil future sank to zero… and then kept going lower. The contract – which closed at $18.27 on Friday – continued to crash throughout the trading session, shocking traders at each new lev…

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