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Re:I tried to buy an actual barrel of crude oil (2015) by anonobviosly on Monday April 20, 2020 @04:18PM (#22928053)
This reminded me of the opposite story: https://thedailywtf.com/articles/Special-Delivery

Tldr- commodities trader accidentally specified physical delivery for several thousand tons of coal; very surprised when the barges show up at their waterfront office.

Re:I tried to buy an actual barrel of crude oil (2015) by smnrchrds on Monday April 20, 2020 @09:48PM (#22931050)
I think the story is fiction. I don't think commodities are sent wherever your office is. Isn't the location of delivery set as a part of the futures contract?
Re:I tried to buy an actual barrel of crude oil (2015) by jcl on Tuesday April 21, 2020 @02:30AM (#22932548)
Thedailywtf stories are generally some mix of fiction and fact. They take a presumably first-hand account from an insider and change a bunch of details to anonymize it and enhance it for dramatic effect.

I'd guess, for this particular story, that at least the misparsing of XML for a futures contract actually happened, and maybe that some producer consequently had to ask about the feasibility of delivering to a corporate office that happened to be in former docklands. It's entirely possible that the commodity involved was not coal, and it's extremely unlikely that a guy showed up one day at the front desk with a clipboard and barges outside.

In response to skepticism in the comments, the article's author gives an example of a futures contract on eggs where delivery was accidentally taken: https://web.archive.org/web/20090925022603/http://www.minyan...

Re:I tried to buy an actual barrel of crude oil (2015) by juped on Monday April 20, 2020 @10:39PM (#22931281)
Yes (e.g., if you buy CL futures, delivery is in Oklahoma).

QL coal doesn't trade anymore (all the active coal futures I can find now are cash-settled) but delivery seems to have historically been at the discretion of the parties, so the story is at least plausible.

Re:I tried to buy an actual barrel of crude oil (2015) by 542458 on Monday April 20, 2020 @11:34PM (#22931594)
Everything I’ve read seems to say it’s very, very difficult to accidentally take delivery, but it’s not quite impossible.

In related news, there is a Planet Money Podcast (episode called the Eddie Murphy Rule) where they interview the trader who took possession of a bunch of cattle by mistake IIRC.

Re:I tried to buy an actual barrel of crude oil (2015) by juped on Monday April 20, 2020 @11:53PM (#22931685)
If you're a normal retail trader, your broker will probably intervene before then.