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Answer these based on john Hall text book The price of oil fell to an...

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Accounting

Answer these based on john Hall text book The price of oil fell to an unprecedented level during the Monday April 22nd 2020 trading session creating major disruption and fear among oil producers and traders. Give extensive answers to: 1. How did the derivatives market facilitate process of negative oil prices? ( relate with futures pricing formula ) 3. What advice would you provide to oil producers for the next contract expiration?

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