Matt Levine, Columnist

There’s Nowhere to Put the Oil

Also PPP loans, trading from home, dividends and masks.

April 20, 2020 at 12:20 PM EDT

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

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Programming note: Money Stuff will be off tomorrow, back on Wednesday.

One thing that people like to invest in is oil. You can buy oil to refine into gasoline or whatever, but you can also just buy it as an investment, or a speculation, or a hedge. You buy oil today for $35, if the price of oil goes up to $65 you make money, if it goes down to $15 you lose money, it is a bet like any other.

Before it’s here, it’s on the Bloomberg Terminal

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