Quote:
Originally Posted by Kard63
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.
|
so you want to buy oil at todays prices
have the oil company store it for you
until the price get high enough that it worth selling at a profit.
do you understand anything about the purpose fo the commodites market.