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The Riing of the Oil Futures Market
Traders borrow for the duration, like how long are they borrowing for the revolving lines of credit. They have all kinds of different borrowing facilities, fron, from revolving to by lateral, del to to dus at o for for the transactionb. A typical transaction will be a bying rustan oil, which is still legal if you are moving it into, say, the netherlands rather than is the centre of the european oil industry. And when some of the companies reach the limit of how much they are borrowing from the banks, as when the banks say, we cannot continue lending,. That's where we saw the lobby group of the europen energy traders go to