What does petroleum future mean?
Definitions for petroleum future
pe·tro·le·um fu·ture
This dictionary definitions page includes all the possible meanings, example usage and translations of the word petroleum future.
Princeton's WordNet
oil future, petroleum futurenoun
petroleum bought or sold at an agreed price for delivery at a specified future date
ChatGPT
petroleum future
A petroleum future is a financial contract, typically traded on a commodities exchange, in which the buyer agrees to purchase a specific quantity of petroleum (oil) from the seller at a predetermined price on a future delivery date. These contracts are used both as a means to secure the future price of oil and as a speculative investment instrument. The value of these contracts can fluctify widely due to factors affecting global oil supply and demand.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of petroleum future in Chaldean Numerology is: 3
Pythagorean Numerology
The numerical value of petroleum future in Pythagorean Numerology is: 9
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"petroleum future." Definitions.net. STANDS4 LLC, 2024. Web. 23 Dec. 2024. <https://www.definitions.net/definition/petroleum+future>.
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