Comment on DHL Set to Transport Goods on New Wind-Powered Cargo ShipsparentComments−citrin_ru2moWhat we see in quotes is not the price of oil being shipped right now; it is usually a one-month futures contract. Traders expect that by this time, Hormuz will reopen. If it does not, they will lose money, but the actual price could be much higher.−CodeWriter232moClose to the bottom price over the past 5 years is what it is.
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What we see in quotes is not the price of oil being shipped right now; it is usually a one-month futures contract. Traders expect that by this time, Hormuz will reopen. If it does not, they will lose money, but the actual price could be much higher.
Close to the bottom price over the past 5 years is what it is.