The biggest news of the day is the fact that May crude oil futures traded to negative prices, posting a daily low of negative $40.34 (-$40.32) before settling slightly higher. U.S. crude oil storage capacity is basically nonexistent right now, helping create the price weakness and today’s collapse. May futures posted a $56/barrel drop today while June futures fell a mere $4.60 and closed at $20.43/barrel.
Some news outlets are reporting that a U.S. exchange traded fund (ETF), USO, is also partly responsible for the crash. According to Forbes, the USO fund owned 25 percent of the outstanding volume of May WTI crude oil futures as of last week. Because funds, especially ETFs, do not typically want to take delivery of futures co...
The magpie goose (Anseranas semipalmata) is the sole living representative species of the family Anseranatidae. This waterbird is found in northern Australia and southern New Guinea.[2] The species is not truly migratory but it sometimes travels large distances to find food and water, especiall...
The common ostrich (Struthio camelus), or simply ostrich, is a species of flightless bird native to certain areas of Africa (and historically, Arabia) and is the largest living species of bird. The common ostrich is one of two extant species of ostriches, the only living members of the genus St...
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A pika (/ˈpaɪkə, ˈpiːkə/ PY-kə, PEE-kə[3][4]) is a small, mountain-dwelling mammal native to Asia and North America. With short limbs, a very round body, an even coat of fur, and no external tail, they resemble their close relative the rabbit, but with short, rounded ears.[5] The large-eared pi...
