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1) What exactly is the oil futures contango market? 2) What is the relation between the oil market and Covid-19 pandemic? and why does that

1) What exactly is the oil futures contango market?

2) What is the relation between the oil market and Covid-19 pandemic? and why does that correlate to the oil futures market?

3) Assume that you would have the capacity to store oil (empty warehouses, tankers, your grandma's basement etc), what restricts you from storing the oil right now? Why does that matter with regards to the contango market?

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