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Seeing a lot of comments about oil at $5.

This is true ONLY for May contract which is set to expire.

The benchmark Brent Crude June contract for oil is currently at $26.30

Still extremely low historically, but this is what should be looked at.
cnbc.com/quotes/?symbol…
@actual_chaos It reflects the market's anticipation for a rebound in demand in the coming month.
Snapshot of WTI Crude Oil Future Contract prices outwards.
cmegroup.com/trading/energy…
For those asking, here is a BB graph of Break-even prices of major Shale producers.
bloomberg.com/news/articles/…
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