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You are an oil trader wishing to hedge against oil price risk. You have to purchase 100,000 barrels of oil in the course of the

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You are an oil trader wishing to hedge against oil price risk. You have to purchase 100,000 barrels of oil in the course of the next three months. Oil futures are available for you to implement your hedging strategy. Describe your hedging strategy using oil futures and explain how it will help you hedge against oil price risk/s

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