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Gold/Mining/Energy : Oil & Gas Price Economics
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To: rajaggs who wrote (289)9/23/2000 4:40:14 PM
From: excardog  Read Replies (2) of 350
 
jaggs, as I understand it the oil needs to be replaced within 30 days. The refiners will bid on it next week. So if they must replace within a month won't they just purchase a like quantity in the forward futures market? Maybe they wait for futures price to decline before they buy but what if market heads higher? Probably a way for winning bidder to make some extra funds if they guess right.Interesting times.
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