Word: advent
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Dates: during 2000-2000
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...swap that would, in effect, sell the commodity short, the bet being that the price of crude will be lower when the time comes to return the borrowed oil several months down the road. That deal could prove an attractive gamble, however, as oil prices often slide with the advent of warmer weather. Participants can also cover the risk that prices might unpredictably rise by hedging in futures markets...