Oil-storage trade
id:
oil-storage-trade-233-8799406
title:
Oil-storage trade
text:
The oil-storage trade, also referred to as contango, is a market strategy in which large, often vertically-integrated oil companies purchase oil for immediate delivery and storage—when the price of oil is low— and hold it in storage until the price of oil increases. Investors bet on the future of oil prices through a financial instrument, oil futures in which they agree on a contract basis, to buy or sell oil at a set date in the future. Crude oil is stored in salt mines, tanks and oil tankers.
brand slug:
wiki
category slug:
encyclopedia
description:
Market strategy
original url:
https://en.wikipedia.org/wiki/Oil-storage_trade
date created:
date modified:
2022-06-08T22:38:58Z
main entity:
{"identifier":"Q7081277","url":"https://www.wikidata.org/entity/Q7081277"}
image:
fields total:
13
integrity:
14