>Usually by the time you see commodities activity hitting the front page of HN the bets are in...

My bet was already in...however, I do think once we start seeing the news like this proliferate we will see an odd swing by Wednesday or Friday. Still my question was sincere, if we see a swing, I don't know what the markets rationale would be...that said where can it go from negative but up

Well, I don't want to presume what your bet is, if it was literally buying this contract and hoping to re-sell it than sorry for your loss I guess.

But yeah it seems like a short-term storage problem and it should bounce back, if your bet was something else it may yet pay off.

I had some puts on UCO. Last night there was a 25:1 reverse split...I just sold for >500% return (very small position).

Commodity markets are not Elon Musk tweets.

Oil gult takes 3-4 years to clear.

Now is a good time to bet on consumption, not on commodities.