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This isn't true for all contracts. For example, gold contracts are/can be settled for cash. I remember during the Great Recession talks about gold conspiracies
by ping_pong 7y ago
This isn't true for all contracts. For example, gold contracts are/can be settled for cash. I remember during the Great Recession talks about gold conspiracies and that gold futures contracts can be forced settled in cash instead of physical delivery. I'm not sure if that's true or if that's part of the futures contract, though.
- cascom 7y agoThe context here is oil - the benchmark contract and the one referenced in the article is the NYMEX CL (WTI/Cushing) it’s a deliverable contract. https://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude_contract_specifications.html https://www.cmegroup.com/trading/energy/crude-oil/light-swee...