04-16-2008
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County Council Member
Action Figure
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Member Since: Jan 2007
Location: Charlotte
Posts: 296
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Re: Oil hits $114/barrel - No end in sight.
Quote:
Originally Posted by Americano
Dream on. Oil futures are a matter of months and there's currently plenty of supply.
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Ya think?
Quote:
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Crude Oil Futures trade 30 consecutive months plus long-dated futures initially listed 36, 48, 60, 72, and 84 months prior to delivery. Additionally, trading can be executed at an average differential to the previous day’s settlement prices for periods of two to 30 consecutive months in a single transaction. These calendar strips are executed during open outcry trading hours. Options: 12 consecutive months, plus three long-dated options at 18, 24, and 36 months out on a June/December cycle.
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Crude Oil Futures Prices - NYMEX
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American by birth.
Conservative by the grace of God.
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