Oil-futures Markets: An Introduction |
Contents
Functions of the Futures Market | 3 |
Price Relationships on Futures Markets | 13 |
Trading CommodityFutures Contracts | 19 |
Copyright | |
18 other sections not shown
Common terms and phrases
A.S.T.M. Test Method agreement arbitrage barge business day buyers and sellers cash market Clearing Member commodity competitive concession consumers consumption contango contract prices costs countries crisis crude December decline delivery month Delivery Notice drawdowns effect emergency energy ENOCS European exports facility firms forward contracts futures contracts futures market futures prices gas oil gasoline governments gravity Gulf heating oil important INOCS and independents international majors International Petroleum inventories Iranian jet fuels long-term margin maximum A.S.T.M. Test Middle East million minimum naphtha NYMEX octane octane rating OECD oil industry oil-futures OPEC operations participants percent petroleum markets petroleum products Pipeline potential profit propane purchases refined products refinery revised Delivery Instructions Saudi Arabia sell share Short Hedge shortfall specific speculators spot market spot prices spot trade stockpile storage sulfur tanker tion tonne transactions truck U.S. dollars U.S. gallons United unleaded volume York Harbor York Mercantile Exchange