Thread: Can I buy a Commodities (oil) contract without it being a "future" ?
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Old 01-09-2009, 12:34 PM  
JakeR
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Join Date: Jun 2001
Location: il and nc
Posts: 1,760
Quote:
Originally Posted by Kard63 View Post
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.
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