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CME commodities boss: Crude oil trading is here to stay
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Fossil fuel trading will be with us for decades to come, according to the CME's commodities boss.
“The market is not pricing in that crude oil disappears anytime soon,” said Derek Sammann, global head of commodities, options and international markets at the Chicago-based exchange. “We think this is largely a generational shift. It could be decades before we see a real pullback in fossil fuels.”
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