Quote:
Originally Posted by SebC
I'm pretty sure you're just joking, but when you buy "oil" (the commodity) you actually commit to taking delivery at Cushing within the month being traded. So if you wanted to do this, you'd have to have your own storage facility.
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If you buy WTI on the NYMEX that's correct, but you can buy dozens of Cdn grades or even just the financial contract. I think the idea of buying the oil and waiting has nothing to do with WTI, it has to do with the Cdn grades.