Global demand for oil down due to everyone staying home. Duh

OPEC tries to reach an agreement to cut back on oil production since the market is wildly overloaded with inventory. Duh x2

Saudis and Russians having a squabble as to who is responsible for cutting their production most/ how much each needs to cut

They (OPEC) agree to cut 10mm barrels/day. We probably needed something closer to 20-30mm/day to meet current supply and demand

They also do not want the USA to continue to bolster their own fracking while other countries are mandated to cut back production.

So ... what the FUCK does this mean for all of us, Reddit users who are quarantined and have become day traders.

I was in on UCO and it’s been like a Robert Downey Jr coke binge from the late 90s this morning. It’s not even 2pm

What to buy. What to sell. What’s the window. Thanks everyone.