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How Do Different Parts of the Barrel Differentiate?
I trade Brent and WTI crude oils, which is what barges are run off of. And I trade heating oil, which is very similar to jet fuel. So airlines will come in and hedge there and our Bob gasoline. They have different kind of flows, but they have different risk too. If you didn't know any better, you would get sort of enticed into selling August, September, October,. That would be a very big mistake.