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A Primer on How Oil Has Reflected Macro and Geopolitics

The Breakdown

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Oil Futures Contracts - A Real World Issue Exasperated by a Financial Issue

The w t i oil contract is the standardized monthly futures contract for oil supply in the us. There is one contract per month, which expires in the third week of every month. It's closely tied to the physical oil market as well. A few days earlier, opeck had finally agreed to a production cut representing around ten % of global supply - but nowhere near enough comfer in the market.

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