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To name a specific contract in a financial futures market, the month code will follow the contract code, and in turn be followed by the year. For example, CLZ3 is the December 2023 NYMEX crude oil contract. CL denotes crude oil (crude light), Z corresponds to the December delivery month, and 3 refers to 2023.
Up to 96 contracts, for 96 consecutive months, in the Brent crude oil futures contract series are available for trading. For example, before the last trading date for May 2020, 96 contracts, from contracts for May 2020, June 2020, July 2020 ... Mar 2028, April 2028, and May 2028 are available for trading.
A futures contract might also opt to settle against an index based on trade in a related spot market. ICE Brent futures use this method of settlement. Expiry (or Expiration in the U.S.) is the time and the day that a particular delivery month of a futures contract stops trading, as well as the final settlement price for that contract. For many ...
West Texas Intermediate (WTI) is a grade or mix of crude oil; the term is also used to refer to the spot price, the futures price, or assessed price for that oil. In colloquial usage, WTI usually refers to the WTI Crude Oil futures contract traded on the New York Mercantile Exchange (NYMEX). The WTI oil grade is also known as Texas light sweet.
Crude oil futures fell to three-month lows on Friday and are heading to a weekly ... $76.67 a barrel, down 19 cents, or 0.25%. Year to date, U.S. oil is up 7%. Brent July contract: $81.13 a barrel ...
The following is a list of futures contracts on physically traded commodities. Agricultural ... Contract size Symbol WTI Crude Oil: NYMEX, ICE: 1000 bbl (42,000 U.S ...
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