Day traders may have played a role in oil's historic plunge into negative territory
Only 41 small contracts were exchanged after oil prices sunk below $0, Bloomberg reported, potentially indicating that retail investors weren't active in the market at the time and unable to stabilize prices.MORGAN STANLEY: Buy these 11 stocks right now to reap the strongest possible market-beating returns over the next 3 months
He added: "The retail players saw the abject price collapse and tried to swoop in, thinking that zero was the lower bound, when it turned out that negative infinity is the lower bound." Similarly, an unnamed TD Ameritrade user told Bloomberg that he lost $92,000 after buying three contracts for about $21 each that same day. His attempts to sell were rejected by the platform as it couldn't handle negative prices, he said.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Look inside a converted Rhode Island fire station for sale - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Consulte Mais informação »
Inside clash between Minneapolis police and union: Arradondo and Kroll - Business Insider[THREAD] 👇 Chief Medaria Arradondo — Minneapolis' first black police chief — once sued the city and the department, alleging racial discrimination. He’s attempted to institute meaningful reform, but has been met with resistance from the police union.
Consulte Mais informação »
Inside McDonald's response to George Floyd protests - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Consulte Mais informação »
Victoria Beckham Says 'Fashion Industry Has Huge Role to Play' in Support of Black Lives Matter Movement'The fashion industry has a huge role to play, and for me, it starts with representation, both within my business and who we work with externally,' Victoria Beckham said
Consulte Mais informação »
Saudi Arabia's Q1 oil-export revenue drops $11 billion as prices tank - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Consulte Mais informação »
Publishing workers are calling out from work for a day of action - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Consulte Mais informação »