Briefly describe the events and developments that led to a spectacular increase in oil prices in the
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The economic definition of a speculator is someone who is trading and not hedging For example a trader who is short gold futures but does not hold gold in inventory is speculating In contrast if this ...View the full answer
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Related Book For 
An Introduction to Derivative Securities Financial Markets and Risk Management
ISBN: 978-0393913071
1st edition
Authors: Robert A. Jarrow, Arkadev Chatterjee
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