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Apr 1, 2023 · The ICE West Texas Intermediate (WTI) futures contract is financially settled and the settlement price is derived from Nymex’s physically delivered WTI contract. There is no price discovery, it doesn’t set the price, it follows the price. Financially settled contracts reduce overhead expenses and can streamline operations, Thachuk says.
Oct 28, 2020 · So a discount futures broker that does not arrange delivery would close out positions on April 29. Then oil has a settlement of May 19, a first-notice of May 21, and a first delivery of June 01. Oil is deliverable while mini-oil is financially settled on May 18. If the delivery is wanted then a futures broker is needed that arranges delivery.
Crude Oil futures and options. TTG - Dutch TTF Natural Gas Financial Calendar Month. THD - Henry Hub TTF (ICIS Heren) Natural Gas Spread. CRB - Gulf Coast CBOB Gasoline A2 (Platts) vs. RBOB Gasoline. Z1 - Ethanol T2 FOB Rdam Including Duty (Platts) Futures. CS4 - Container Freight (China/East Asia to North Europe) (FBX11) (Baltic) futures.
Trade NYMEX WTI Crude Oil futures (CL), the world’s most liquid crude oil contract. When traders need the current oil price, they check the WTI Crude Oil price. WTI (West Texas Intermediate, a US light sweet crude oil blend) futures provide direct crude oil exposure and are the most efficient way to trade oil after a sharp rise in US crude oil production.
Gasoline. WTI Midland. The current price of West Texas Intermediate (WTI) crude oil today is $67.29 per barrel. Live charts, historical data, futures contracts, and breaking news on WTI prices can ...
month while WTI contracts settle intra-month. Certain contracts are physically delivered; others are cash settled. The WTI benchmark is settled with physical delivery while Brent has the option to be physical or cash settled. Cash Settlement – A contract that is settled financially rather requiring physical delivery.
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Nov 8, 2024 · Micro WTI Crude Oil futures are cash settled, based on the daily settlement price of the corresponding CL futures contract. For example, if a trader bought ten September Micro WTI Crude Oil futures contracts at $64.35 and, upon expiration, the Micro WTI Crude Oil futures contract settled at $64.90 – the traders account would be credited $550.