Why Is a Futures Contract Considered Valuable by Both Producers

question 22

Essay

Why is a futures contract considered valuable by both producers and consumers?

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Definitions:

Observations

Observations refer to the act of watching or noticing something or the data collected during this process, usually as part of a study or experiment.

Crude Oil Prices

The cost per barrel of crude oil on the commodities market, which fluctuates due to various factors including supply and demand, geopolitical events, and market speculation.

Median Price

The middle value in a list of prices, where half the prices are higher and half are lower.

Statistical Measures

Quantitative values that summarize and provide information about a set of data.