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What does delivery mean in spot crude oil?
Spot crude oil is an electronic financial investment product, which can deliver physical crude oil.

Delivery means that investors holding multiple orders apply to the exchange or member units for delivery (the delivery price is calculated at full price, and sufficient funds need to be guaranteed in the account when applying), and then physical crude oil is extracted according to the process.

Delivery date: refers to the date when both parties agree to exchange money. There is no delivery date on site for the time being.

Widely used in futures trading (because futures are held for the longest time), it refers to the date when goods must be delivered.

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