Physical delivery ( CL )

Quote from local:

I believe the original question was "what price would be paid if he stood for delivery". The answer is the answer is the settlement price(85) as opposed to the trade price(80). "On paper" his hedge would show show a price of 80 but on first delivery day all participants standing for delivery would be required to pay the same price, the settlement price or 85. If participants took delivery at their trade price, it would completely undermine the marked to market process.
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Thanks , but the real cost will be 80 $ cuz as u said earlier , my account will be credited 5 $ ...
 
Sorry for sounding like a noob, but why would you want to take a physical delivery of oil ? Arent we just trading it to make $$$ of the charts ? ...lol sorry
 
Quote from neveral0ne:

Sorry for sounding like a noob, but why would you want to take a physical delivery of oil ? Arent we just trading it to make $$$ of the charts ? ...lol sorry
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I dont want to take delivery , but i came across this last night and i wanted to check if there is something i dont understand ...
 
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