Tue 5/26/2020 20:06 ET
DJIA24995.11542.392.17%TELCO166.222.661.60%GOLD1704.950.680.04%Shanghai2846.5528.751.01%
S&P 5002991.7736.801.23%BANKS335.3526.327.85%OIL34.010.341.00%BITCOIN8834.1673.320.83%
NASDAQ9340.2215.880.17%PHARM599.690.420.07%US/EU1.100.000.00%Futures2989.255.380.18%
Welcome Stranger!  Please sign up or log in to enable additional features.Sign Up | Mail | Log In
Forum - United States Oil Fund LP - USO   

Msg Top | Msg List | < Prev | Next > | Post New | Reply | Privately | Search | Add USO
  
From: CASHRICHFIELD (Rep: 46) reply to Stockguy89Date: 04/02/2020 11:20
Forum: United States Oil Fund LP - Msg #4770Thread #674139465 (Rec: 1)
Re: Oil ripping!

With oil up over 20% per bbl traders long May Crude Oil futures contracts must be making a killing!

One futures contract represents 1,000 barrels of oil, and 1,000 x $0.01 = $10. That means for each contract, a one-tick (penny) movement will result in a profit or loss of $10.

CASH

Sent from my IPhone



$$$$



Reply to Stockguy89 - Msg #2830965 - 04/02/2020 10:31

Oil ripping!
What would you like to do? Message: Endorse | Bookmark | Report AbuseUser CASHRICHFIELD: Reward | Watch | IgnoreUSO: Ignore

Msg Top | Msg List | < Prev | Next > | Post New | Reply | Privately | Search | Add USO
  

TheLion.com | About Us | Agreement & Disclaimer | Privacy | Twitter
© 1999- TheLion.com, Inc.