[Malsua]

an airline company or anyone else who relies on oil, this week brought anxiety about whether your supply will be disrupted. To “hedge,” you go into the market place and buy contracts guaranteeing you delivery of oil at a future date<>P> What percentage of oil futures purchased by party X take delivery of said oil? I never have seen a straight answer...back in the day I read it was over 60%...now I read its much less than that. If that is the case, wouldn't that suggest there is more to it than supply and demand? Don't get me wrong, there is supply and demand all right. But I don't think it's the oil thats in demand. I think it's an ever ballooning oil future that is in demand.

[detective]

“What percentage of oil futures purchased by party X take delivery of said oil?”

It does not matter at all whether someone takes delivery or not. Oil is a commodity. The reason you buy futures is to hedge the price you need to pay.

[TheThinker]

I think it's an ever ballooning oil future that is in demand.

It makes sense though. They're just responding to a market targeted by Democrats. It's a sure thing while Democrats weild power.