/biz/ - Business & Finance

Anonymous Fri Apr 24 08:37:03 2020 No.18658811 [View]
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>>18658568
This as long as oil contango is real (about 10 bucks for the next 100 days) you can make exactly that amount by buying this months contract and shorting the futures contract, holding the oil and settling your shorts when the month of the future contract has arrived.

A VLCC tanker holds about 2.1 million barrels. this contango justifies rates of 21 million to store a VLCC worth's of oil for 100 days. or 210k/day.

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/biz/ - Business & Finance

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