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Oil Future Contract
A legal agreement to buy or sell a specific amount of crude oil at a predetermined price at a specified time in the future.
Spot Price
The existing cost at which an asset is available for immediate purchase or sale.
Profit/Loss
The financial result of business operations or investment activities, calculated as the difference between revenues and the costs associated with generating those revenues.
Contract Size
The deliverable quantity of commodities or financial instruments specified in a contract that an investor agrees to buy or sell.
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