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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: SeaViewer who wrote (63202)9/21/1999 9:46:00 AM
From: IceShark  Read Replies (1) of 86076
 
I don't know much about oil so better ask someone else. However, I seem to remember that oil purchases were typically settled up on a formula based on spot at the time the tanker arrived at the terminal.

Now if you are asking about a forward month oil contract, of course there is a difference.
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