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1). It's April 2021. You are looking at futures prices for oil contracts expiring in June 2021 and December 2021. Which of the two futures
1). It's April 2021. You are looking at futures prices for oil contracts expiring in June 2021 and December 2021. Which of the two futures prices would you expect to be higher? Why?
1). Briefly describe a futures transaction that would protect you against rising oil prices. Would you take a long or short postion? How would the futures position protect you?
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