LX
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A new futures contract was carefully drawn up and trading began on a tiny scale
in 1978. Some of the first users of NYMEX heating
oil deliveries were small scale suppliers of people in the Northern United States.
Arnold Safer, figured out that NYMEX could revamp an old heating oil futures contract.
By the late 1990s, there were more people
working on the NYMEX floor than there was space for them.
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