• FiniteBanjo@lemmy.today
    link
    fedilink
    arrow-up
    1
    arrow-down
    1
    ·
    7 months ago

    Also, Crude Barrels have a shelf life so you definitely wouldn’t store them like that for any extended period of time.

    • Possibly linux@lemmy.zip
      link
      fedilink
      English
      arrow-up
      1
      ·
      7 months ago

      A future means that they will be created at some point in the future. Basically its an agreement to buy for a certain price in the future regardless of what the markets are doing.

      • FiniteBanjo@lemmy.today
        link
        fedilink
        arrow-up
        1
        arrow-down
        1
        ·
        7 months ago

        Yes you said exactly that in the comment I replied to, I never argued against it I was just adding onto it. We both were talking about how unrealistic the comment further above yours was.