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WTI v Brent: Cushing disease

Source: Financial Times, 12th April 2011

Critics of the boom in commodities trading - the sort who allege manipulation, but only when prices are rising - sometimes forget that every futures contract is rooted in a physical delivery (even if it is actually settled for cash). Some "legitimate" hedgers, particularly in the US, are being reminded of this the hard way.



Read the full article on FT.com
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