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A comment on The Essex Boys: how nine traders hit a gusher with negative oil. Parent comment

Re:The Essex Boys: how nine traders hit a gusher with negati... by retube on Sunday December 20, 2020 @12:57PM (#25488125)
A futures "buy" is not an actual buy. Its an agreement to buy at some agreed price at some point in the future. So they entered into agreements to sell during the day, then effectively covered that commitment by entering into agreements to buy at the end of the day.
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