Oil futures are futures trading in a variety of transactions. Oil futures by the Exchange to develop a unified. Provide for the future of a particular time and place of delivery and quality of a certain number of standard oil contract or can be simply understood as a long-term the subject goods for the price of oil futures.
Crude oil futures are the most important oil futures, the world's major crude oil futures contract has four: the New York Mercantile Exchange (NYMEX) light sweet crude oil that is "West Texas Intermediate crude oil" futures contracts, the high sulfur crude oil futures contract, the London international Petroleum Exchange (IPE) Brent crude oil futures contract, the Singapore Exchange (SGX) Dubai sour crude oil futures contracts. Other petroleum futures also heating oil, fuel oil, gasoline, light diesel oil. NYMEX West Texas Intermediate crude oil futures contract specifications for each 1,000 barrels hand, quoted in U.S. dollars / barrel, the contract after the release of active trading, as the most successful commodity futures contracts, and prices for its international oil focus of the market.
Oil futures:
The world's major crude oil futures contract has four: oil futures
1, the New York Mercantile Exchange
(NYMEX) light sweet crude oil that is "West Texas Intermediate crude oil" futures contracts, high-sulfur crude oil futures contracts. The West Texas Intermediate crude oil futures contract specifications for each 1,000 barrels hand, quoted in U.S. dollars / barrel, the contract after the release of active trading, as the most successful commodity futures contracts, and prices for its international oil market focus of attention. (Light oil, natural gas, unleaded gasoline, heating oil, Brent crude oil)
2, the Singapore Exchange
(SGX) Dubai sour crude oil futures contract (the Middle East oil)
3, the Tokyo Commodity Exchange
(TOCOM) gasoline, kerosene, diesel, crude oil
4, the UK's International Petroleum Exchange
(IPE) Brent crude oil futures contract (Brent crude oil)
20 occurred in the early 1970s oil crisis, to a huge impact on the world oil market, oil price volatility, a direct result of the production of oil futures. After the birth of the oil futures, the trading volume trend has been showing rapid growth, now more than metal futures, is an international futures market, an important part.
Oil futures prices:
Futures market, gathered a large number of commodity producers, operators and speculators, they produce the expected profit as cost plus pricing basis, mutual trade and mutual influence. The future of all traders on the commodity market price analysis, forecasting, through organized public auction, the formation of the expected oil price benchmark, the relative authority of this base price, but also because of market supply and demand conditions change, a certain dynamic characteristics. In the open competition and competitive pricing in the course of futures prices, often seen as the international oil spot market price, has an important function of the price-oriented, able to guide a more market-oriented production and operation, improve the efficiency of the allocation of social resources.
Oil futures - to avoid risksHedging is the basic operation of the oil futures market, one of the ways to achieve business risk through hedging procurement, production and operation costs can make or anticipated profits remained relatively stable, thereby enhancing their ability to withstand market price risk. The basic approach is to hedge business to buy or sell a considerable number of transactions and the spot market, but trading in the opposite direction of the oil commodity futures contracts to hedge at a future time or by way of compensation for positions to offset changes in the spot market price risks arising from the actual price. Of course, since the spot price and futures price disparities in the objective existence of hedging can not completely eliminate risk, but with a lower risk alternative of a larger risk, with the difference between spot price and futures price risk alternative to cash the risk of price changes.
Oil futures - Specification speculationSpeculative capital has a natural demand. Use of oil futures market can attract a lot of money, so as to provide the first impetus to the development of the oil industry. Use the futures market, traders can avoid the one hand, the negative impact of fluctuations in international oil prices; the other hand, also from speculative trading by market price fluctuations to get more benefits. In the regulated market speculation is subject to strict supervision and management, speculators trading rules in strict compliance with the conditions for normal economic benefits, supervision and management to regulate the futures market speculation as a tool. With the participation of speculators in the futures market to increase trading volume, market supply and demand can also be better able to adjust.Edit this paragraph market conditionsOil FuturesAt present, the oil futures market has become the world an important part of the energy market, the running of the world energy market has far-reaching impact. From a practical and operational history, the production and operation of the futures market has special demands on the environment. Mature and standardize the market economic system, the oil futures market to the premise of the existence and development: First, open market competition and a higher degree of supply and demand information fully developed spot market; Second, the economic system more open, there is no strict price and import and export control; three futures exchanges where the region's financial market liberalization, currency futures price in freely convertible under the capital; Fourth, the futures market of the country or regional laws and regulations and improve on the futures market effectively. As imperfect market system led to the establishment and development of futures markets affected by many examples, such as early 1993, China's successful launch of the original Shanghai Petroleum Exchange, oil futures, commodity futures exchange was the original southern oil futures contract launched in succession. The total trading volume once reached 50 million tons, accounting for the national oil futures market was around 70%, the standard was introduced mainly Daqing crude oil futures contracts, 90 # gasoline, diesel, fuel oil and 250 other four. At that time, China's oil circulation system, there is no real market-oriented production of the oil futures market is short-lived, and ultimately withdrew from the stage of history. Some Middle East oil producing countries, though they have abundant oil resources, but did not establish the oil futures market, but also with the lack of a mature market economy is not without relevance.The trend of oil futures1, the $ 130 oil when the conclusion is given the first day of the waves, "the high point in the 145-150 dollars." Later, the trend of the market proves this conclusion. The highest price $ 149, the highest closing price of $ 147. 2, when oil reached $ 147, the first day of the waves draw conclusions, "Oil will fall $ 120 and will 110--120 hovering between U.S. $." Take a look at the conclusions of experts, funny shit. See $ 147 oil, many experts said that "oil will be maintained at $ 150 high." Market trend was once again proved Skywave conclusions. Given the trend in oil Skywave conclusion, fell $ 120, and 110--120 hovering between U.S. $. Oil Futures3, the oil in 110--120 hovering between $ time, day wave is also given the conclusions of the next phase, "$ 90 oil will fall." ---- The market proves this conclusion. 4, oil falls $ 90, the day the waves again, given the conclusions of the next phase, "see $ 90 oil begins after bounce to $ 120." Market proved this conclusion. Massive rebound in oil, the highest intraday $ 130 closing $ 120. Shit I'm afraid they can not find the expert direction. Skywave fifth conclusion is given. 5, the location of oil in the ultimate decline of $ 70-75. Oil rebounded from $ 90 to $ 120 just a rebound. 115 - $ 130 wandering, the band will begin next fall, all the way down to 70 - 75 dollars. 6, as of today (January 13, 2009) International crude oil prices have dropped to 37 U.S. dollars, down 74.8% rate of tall hard to imagine such a large decline in just six months or so.
