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Why on earth would you take delivery? If you have a consignment to be delivered with a future price fix, why the hell would you want to take delivery in zone 4?

This ignores that the vast majority of people never take delivery in forwards markets for anything. Corn, Coffee, Orange Juice, Pork Bellys - it is a hedge, not a fricking order and delivery system.
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thanks for the interesting article. worth the read.
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I read an interesting article in German that the current oil price down movement was set up by CIA controlled hedge funds to hurt the Russian economy that is heavily depended on a high oil price....So to say a new way to make war without soldiers.

I don't know if that is reality or just one more conspiracy theory but after the good economy report of the US government the oil price should have go up actually...What do you guys thin what is the reason for the down movement?
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It is not quite new...
there are futures on oil on US exchanges too.
You will be surprised, but out of the total number of transactions, less than 1% of them end in the delivery of the product.

What is more interesting now in the oil business, the development of blockchain technology by the major players such as BP, Shell, Gunvor, Trafigura, Mercuria, and some top European banks such as SocGen and ING.
https://www.reuters.com/article/us-ener ... SKBN1D612I
https://www.ft.com/content/e088e0b6-131 ... e417ee6c76
https://www.trafigura.com/news/natixisc ... rket/21324