On 21st May I wrote to my lovely lonely patreon subscriber to buy oil. Below is what were written. A brief summary of what happen recently (negative oil prices) The drive of negative oil prices were mainly due to overproduction of oil and lack of storage facilities. As Oil is traded through monthly (commonly) futures contract; no one were willing to buy as prices were dropping close to expiry date. What happen next? The future positions start rolling over to the next contact, which is very rare. However as people were trying to catch the “falling knife”, many didn’t expect price to hit negative and also, being unable to resell them. The persistent stagnation of prices came with OPEC agreement being violated continuously by the Saudis and Russia, price wars and the lack of storage facilities (because who would knew). Recently, an agreement to cut production have led to some positive outlook for the oil market....