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To: mac_truck

I’ve been reading about oil traders who are betting that the oil they’ve stored at Cushing will be worth more in the future.

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They already sold a future contract to deliver oil at a future date. They are not betting, they locked in a profit based upon a lower cost to store over the time.


7 posted on 03/23/2015 6:32:50 AM PDT by thackney (life is fragile, handle with prayer)
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To: thackney
They already sold a future contract to deliver oil at a future date.

Lol...sure they have.

14 posted on 03/23/2015 7:39:24 AM PDT by mac_truck ( Aide toi et dieu t aidera)
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