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Kard63 · 01-09-2009, 11:10 AM

clm15 expires in 5 years and costs $72 a barrel.... yuk. Can I just buy 1,000 barrels for $40 a barrel now and keep it until I want to sell it? I don't want to take possession of the oil or store the oil. I just want an I-owe-you.

01-09-2009, 11:10 AM
Kard63 Confirmed User Join Date: Nov 2003 Location: 237 619 975 Posts: 8,944	Can I buy a Commodities (oil) contract without it being a "future" ? clm15 expires in 5 years and costs $72 a barrel.... yuk. Can I just buy 1,000 barrels for $40 a barrel now and keep it until I want to sell it? I don't want to take possession of the oil or store the oil. I just want an I-owe-you. __________________