International oil prices continue to fall
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International oil prices fall further 2015-10-28 07:32 Fears of rising U.S. crude inventories for a fifth week push oil futures in Europe and the U.S. to two-month lows. On Tuesday (October 27), the closing price of West Texas Light Oil futures for December 2015 on the New York Mercantile Exchange was $43.2 per barrel, the lowest level since August 27; it dropped by $0.78 from the previous trading day, with prices ranging between $42.58 and $43.91 ； The closing price of Brent crude oil futures on the London Intercontinental Exchange for December 2015 was $46.81 per barrel, down $0.73 from the previous trading day, with a trading range of $46.41–$47.57. The settlement price of December Brent crude futures was $3.61 per barrel higher than that of West Texas Light crude futures for the same period, an increase of $0.05 from Monday.
Is this information from the original poster true? I don’t really understand anything about futures or stocks; it’s just that the timing isn’t right! (The settlement price for West Texas Light oil futures in December 2015 was $43.2 per barrel) Please provide an explanation
Thinking back to this time last year, oil prices were still under discussion as to whether they should drop to 70 or 80, with various importers rushing to purchase crude oil
Crude oil futures contracts will be listed for 9 years, in accordance with the following schedule: consecutive months this year and over the next 5 years, and in June and December of each year starting from the 6th year. The remaining months will be updated annually after the expiration of the December contract; therefore, June and September each year for the next 9 years, as well as the consecutive months in the 6th year, will also be included. Furthermore, transactions can be executed in a single transaction over a period of 2 to 30 consecutive months, based on the average difference from the settlement price of the previous day. These calendar overlaps will be executed during the open outcry trading hours.
Hello, original poster. Actually, I know very little about these as well, but they can be used as a reference for trends. :)