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This is the real work of civilization, the trading of commodities. It's the work that makes all others possible. Virtually everything in your home is made from something that has actors been bartered, brokered or bet on by someone somewhere. The difference between a futures market, like the Nymex or the International Petroleum Exchange in London, and a forward market is that most of the trading on a futures market is speculative, with very few contract traders seeking actual delivery of actual oil at the end actors of the month when contracts settle. In fact, as speculative ventures, more actors paper contracts trade than available oil.
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