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On May 1, Year 10, Northern Refining Corp. (NRC) entered into a contract to purchase 80,000 barrels of Brent crude oil at $41 per barrel.

On May 1, Year 10, Northern Refining Corp. (NRC) entered into a contract to purchase 80,000 barrels of Brent crude oil at $41 per barrel. NRC took delivery of 40,000 barrels on June 15 when the price ...

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