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No demand, surplus inventory already out there, so taking possession in May requires storing them indefinitely. Investors decided to factor that cost in when b
by godzillabrennus 7y ago
No demand, surplus inventory already out there, so taking possession in May requires storing them indefinitely.
Investors decided to factor that cost in when buying these.
- lubos 7y agoYou can close your position by buying the month after futures. This will require you to store crude oil for just one month. I think the issue is that storage facilities are almost booked out and the remaining capacity is just so expensive.