Crude oil is no strangler to 80% declines and it has proven it can come back. Futures and options broker, Carley Garner, analyzed the oil charts with Jim Cramer on Mad Money (April 28th, 2020).


The oil market needed to contend with an extreme but somewhat transitory, phenomenon. After all, the US is slowly turning the economy and, therefore, energy consumption, back on, and oil producers around the globe have been forced to slow down production. The cure for low commodity prices is always low commodity prices.

The Baker Hughes rig count reported on Friday that 60 rigs had fallen offline in the previous week to leave only 378 crude oil rigs in operation. We haven’t seen the US shale industry cut back like this since early 2016, which happened to mark the low for oil for years to come.

Futures and Options Trading Booksby Carley Garner

What People are Saying about Our Commodity Trading Books

Choosing a Futures Broker and Brokerage Service

Full-Service or Online Trading?

The decision to trade online or through a full-service commodity broker will undoubtedly make a large impact on your bottom line.

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A Fair Commission Rate vs. Low Commission

To look at commission rates objectively, we must understand the background of the futures industry and how brokerages accept risk for fees.

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Choosing a Commodity Brokerage Firm

Deciding on a commodity brokerage firm is a significant decision and shouldn’t be taken lightly. Not all traders and brokers are compatible.

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Choosing a Futures and Options Broker

Most traders in search of a futures broker are concerned primarily with trading platforms, commission, and quality guidance.

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The Truth about Futures Commission

The goal of futures trading should be to MAKE money, not SAVE it! Discount commodity brokers cut corners that cost their clients time & money.

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Commodities via Futures or ETFs?

A key difference to trading commodity futures over ETFs is leverage, but there is more to discuss, such as taxes, market hours, and efficiency.

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