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Old 06-04-2008, 02:27 PM   #2 (permalink)
Duffman
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Join Date: Mar 2008
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You can only sell for what others are willing to pay, hence the market dictates the price. Also oil is not traded as a stock but as a commodity on the futures market. What that is is people buying future production but paying for it today, hence speculating on the future price of oil.
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