Hello_World
New Member
In the above section, the author said the following.
For the highlighted sentence, what does the author want to say? Could anyone help clarify, please? Thank you!
"The oil price declined from $89 to $86. Receiving only $1.70 per barrel compensation for a price decline of $3.00 may appear unsatisfactory. However, we cannot expect total compensation for a price decline when futures prices are below spot prices. The best we can hope for is to lock in the futures price that would apply to a June 2015 contract if it were actively traded."
For the highlighted sentence, what does the author want to say? Could anyone help clarify, please? Thank you!