Bullish crude?
Posted: Mon Oct 10, 2022 6:53 pm
New futures contract crude mini 1/10th of a regular future contract
so 100 bbls . So instead of making a 90 k investment for 1000 bbls it would be only 100 @ 90 = 9,000
I like it!
By the way, a bbl is 42 gallons , so for 90 bucks , the crude is costing 90/42= 2.14 gal..that's cheap when you consider the crap that an E & P has to go thru to get that produced. A gallon of water at the grocery store is 1.79 for comparison
https://www.cmegroup.com/markets/energy ... =vnl4uf4pq
so 100 bbls . So instead of making a 90 k investment for 1000 bbls it would be only 100 @ 90 = 9,000
I like it!
By the way, a bbl is 42 gallons , so for 90 bucks , the crude is costing 90/42= 2.14 gal..that's cheap when you consider the crap that an E & P has to go thru to get that produced. A gallon of water at the grocery store is 1.79 for comparison
https://www.cmegroup.com/markets/energy ... =vnl4uf4pq