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What has remained the same about calipers, and what has changed?
Long Oil Futures Contract
An agreement to buy oil at a specified price on a specified future date, bet taken with the expectation that oil prices will rise.
Close Position
The act of selling or buying securities to offset an existing position, thereby ending the investor's exposure to that investment.
Delivery Date
In the context of futures contracts, it is the specified date on which the underlying asset must be delivered by the seller to fulfill the terms of the contract.
Sell
The act of disposing of an asset or security in exchange for cash or another financial instrument.
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