Grand Theft Oil Futures: Insider traders keep making a killing at our expense

Re:Grand Theft Oil Futures: Insider traders keep making a ki... by spacebanana7 on Thursday May 07, 2026 @09:52AM (#48049476)

To be fair, you could also be a real world user of a commodity and productively use futures markets. For example, an airline or trucking company using them to hedge fuel prices.

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Re:Grand Theft Oil Futures: Insider traders keep making a ki... by nyeah on Thursday May 07, 2026 @10:01AM (#48049596)

Sure, and increasingly those people are being played for suckers. The article makes that point.

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Re:Grand Theft Oil Futures: Insider traders keep making a ki... by mothballed on Thursday May 07, 2026 @10:53AM (#48050190)

Less so than those buying it for spot? They need oil one way or another, whether from a future contract or the spot market (or downstream thereof).

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Re:Grand Theft Oil Futures: Insider traders keep making a ki... by tardedmeme on Thursday May 07, 2026 @04:33PM (#48054559)

Then your average price is higher than average. I heard airlines don't use futures any more because they need to keep costs low.

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Re:Grand Theft Oil Futures: Insider traders keep making a ki... by rbanffy on Thursday May 07, 2026 @04:57PM (#48054867)

Future exists to stabilize instantaneous commodity prices.

They also allow some insights on future demand, which can help you plan production of your commodity.

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