Remember $20 Oil? Looks Like It's Coming Back [View article]
"the 20 $ price if it occurs would create great unhappiness among the people who filled their tankers to the brim & now have them parked in the gulf of mexico or wherever."
Absolutely false, those tankers were filled with nearby priced oil and hedged with long-dated futures. The profit is locked in. It's called CONTANGO !!
Remember $20 Oil? Looks Like It's Coming Back [View article]
the people who filled their tankers to the brim & now have them
parked in the gulf of mexico or wherever."
Absolutely false, those tankers were filled with nearby priced oil and hedged with long-dated futures. The profit is locked in. It's called CONTANGO !!