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Traded ValueFriday seems to be the futures settlement day. Wonder if someone will go on a buying spree and hoard to corner the market. 🤨
$Us Brent Oil(BNO.US)
$United States Oil Fund LP(USO.US)
A very interesting little piece of knowledge
$United States Oil Fund LP(USO.US) and $Us Brent Oil(BNO.US) actually have a slight difference. USO is the domestic price, while BNO is the "price floating on the sea."
India's MCX crude oil contract is the outpost for the WTI contract. Due to the time difference, it settles one day earlier than the WTI contract. This can be used to predict the situation of WTI the next day.
From this, it can be deduced that futures prices at major exchanges around the world differ. Some signs can be observed from the price spreads between futures prices in different countries.
Strange knowledge has increased.
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