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It's actually a guaranteed profit. ... IF you can actually take delivery and find a place to put the stuff. It's like the ultimate arbitrage opportunity. ... that nobody like you or I can possibly take advantage of. At the moment, May WTI is trading at 20 cents a barrel. June WTI is at $22.05.

It's insane.

 

Approximately 159,000 liters per contract, if that gives a frame of reference. And unless the parking lot is an old salt mine, I'll assume you are bringing your own tanker?

Seriously. ... The price went negative. I have never seen anything like this. It's actually sitting at negative $7.50 a barrel, and it keeps falling. If you are willing to take the oil, they will pay you $7,500, as it stands at the moment.

This is incredible.

EDIT: Negative 14.39 a barrel just now. 5 minutes to go in what used to be the open market hours. I never thought I'd see anything like this. The idea that the price would go negative is mind boggling. Nothing like this has ever happened. To go THIS negative, though, shows just how badly they have broken the markets.

 

Holy shit. It's crashing. Negative $40.32 a barrel heading into the open hours close. I can't imagine how badly trapped some people were. The market went illiquid on them. This is wiping out fortunes.