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The oil cash-and-carry trade does the shipping tanker contango - Financial Times
The oil cash-and-carry trade does the shipping tanker contango Financial Times At the risk of repeating what your taxi driver told you this morning, oil cash-and-carries are about buying 2m barrels of oil with money borrowed from a “too big to fail” bank, storing it in a very large crude carrier, leaving it at anchor for, say, a ... |
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