Originally Posted by Charles Nungester:
Actually the futures market has nothing to do with the daily price. It's buying oil for todays price for what you think it will be a month from now. If you got it at 80 and it's 130 for the day you purchased for. You make 50 a barrel. If it's 40 on the day you bought it for then you lose 40 a barrel. Yeah, you can win big, You can also lose your arse like they did when Oil went negative when Russia and Saudi's tried to put each other out of business.
I know that..... thats how all gambling works
Gamblers should not be able to hurt people who need to get to work, go shopping, live their lives
