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what I don't get is that if there are future contracts, they have to be fulfilled when the time comes, wasn't all this oil bought in advance with future contrac
by nraynaud 11y ago
what I don't get is that if there are future contracts, they have to be fulfilled when the time comes, wasn't all this oil bought in advance with future contracts? I guess actual users of the oil have actually ordered it before as opposed to speculators, they need it now don't they?
- pjh68 11y agoBuy spot price, sell a future immediately. Works if the storage cost (i.e. keeping the ship & crew out of port) is greater than the spread.