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Consider the oil futures market where each contract is for one barrel of oil. The...

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Finance

Consider the oil futures market where each contract is for one barrel of oil. The oil is physically delivered to holders of the contract on the expiration date. Suppose the April oil futures contract expires tomorrow and the May oil futures contract expires 30 days later. The price today for the April contract has turned negative and is trading at $38 while the price for the May contract is +$22

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