Repeating myself for those who do not understand, the volume of trade has shifted to the June contract
This sub $16 price is for the close contract that expires tomorrow.
Its still real trade, just this contract is not where the bulk of interest its.
June contract lower also, plunging under $23
In the good old days the lower oil price would be attractive, sort of like a 'tax cut' for consumers, but now that folks in DMs are nearly all locked in their homes and not so may people driving the benefit of a lower oil price is not so much.
CL May contract now $14.50 ish!
