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Futures Contract Specifications - How long is the life of a contract ?
Sending that via truck to your drive way is too expensive. My home allows for delivery via barge (1000 metric tons / 980 long tons). As a trader you should be always prepared.
Three reasons to trade brent crude at IPE:
(1) The front month contract is not so volatile prior to expiry.
(2) You do not need to find a buyer in Cushing, Oklahoma (where is that, sound like the middle of nowhere ...)
(3) Brent Crude settles EFP (exchange for physical) and has an option to cash-settle.
