To trade in oil futures, a trader must be present in Cushing, Oklahoma, on settlement day to receive the purchased oil.

Name: To trade in oil futures, a trader must be present in Cushing, Oklahoma, on settlement day to receive the purchased oil.
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Question

Quizplus · Accepted Answer

Trading oil futures does not require physical delivery of the oil. Settlement can be done through cash settlement or rolling over the futures contract to a later date.

To Trade in Oil Futures, a Trader Must Be Present