Petroleum Future (Noun)
Meaning
Petroleum bought or sold at an agreed price for delivery at a specified future date.
Classification
Nouns denoting man-made objects.
Examples
- The company invested heavily in petroleum futures to hedge against potential losses in the volatile energy market.
- The trader made a fortune by buying petroleum futures at a low price and selling them at a higher price when the delivery date arrived.
- The oil refinery purchased petroleum futures to secure a stable supply of crude oil for the next quarter.
- The investor speculated on the price of petroleum futures, hoping to profit from the fluctuations in the global energy market.
- The energy company used petroleum futures to lock in a fixed price for its fuel needs, protecting itself from price spikes in the future.