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#12
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"D.Duck" wrote in message ... One thing I forgot to point out is that the prices for oil you hear quoted in the news every day are for futures contracts. And that price is for a contract to be delivered in the following month. When we saw those $145/barrel prices, that was for futures contracts and I'd bet no product actually changed hands at that price. That's where the speculators lose money. Bingo. Eisboch |
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