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Explain the role of arbitrage and the efficient market hypothesis in the oil market. Provide relevant examples to explain 2.b. Related to perfect competition, how

Explain the role of arbitrage and the efficient market hypothesis in the oil market. Provide relevant examples to explain 


2.b. Related to perfect competition, how will it affect oil market price? 


2.c. The NYMEX price has risen by $1.10 per barrel and that of ICE has decreased by $1.39. What profit or loss has been made by the trader? In answering the question you need to: justify the trading strategies in the midst of changing oil prices between NYMEX and ICE


why differentials between NYMEX and ICE will relate to perfect information and how it affects price Justify what trading platform you will follow and why?

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