When is the delivery date? What is the impact on the trend of crude oil?
If the month is 25 days, then the last trading day of the first month of the WTI contract is third trading days before 25; if the number 25 is a non working day, so the first month contract WTI the last trading day is the No. 25 before the last trading day before the third trading the number of days; usually at about 20 per month number.There will be a lot of crude oil futures contract closed before the oil delivery date, will lead to short-term price fluctuations, the market volatility is not the fundamental cause, just open mandatory short-term shift caused by the contract. Short term fluctuations do not change the current trend, but can be used to counter speculative short-term price fluctuations.
We usually say the United States crude oil futures, refers to the United States listed on the New York Mercantile Exchange WTI crude oil contract, that is, u.s.. The specific delivery date is set:
The date of delivery of crude oil is the date on which the two parties agree to exchange. Spot commodity transfer between seller and buyer. Crude oil trading, individual investors have no right to keep the position to the final delivery date, if not to open, the exchange will be forced to liquidate positions, all the consequences, shall be borne by the investors; only apply to the exchange for hedging qualification and approval of the stock enterprises, will be open until the last delivery day. And enter the delivery process, because they need the qualification and hedging.
