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19 May 2009, 14:19
Kudos
Bookmarks
Isn't this wrong ?
A contango can make it more profitable to store oil instead of refine it, provided the discount between the front-month and second-month crude contracts is greater than the monthly cost of storage.
Here's the link to the article
https://www.reuters.com/article/newsOne ... VK20090519
A contango can make it more profitable to store oil instead of refine it, provided the discount between the front-month and second-month crude contracts is greater than the monthly cost of storage.
Here's the link to the article
https://www.reuters.com/article/newsOne ... VK20090519
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20 May 2009, 03:33
Kudos
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pleonasm
The sentence is fine.
"refine" is parallel to "store". That is, the contango stores oil rather than refine it.
