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to think about futures prices,
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but there are very important futures markets
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that--In the next lecture I want to
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talk about the various kinds of futures markets that matter.
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We have a stock index futures market
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and notably we have an oil futures market.
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The oil futures market is very significant
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because it represents the price of energy
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on dates into the future.
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We can now see the price of oil
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going out years into the future.
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We've just hit $100 barrel price of oil,