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Crude Oil Futures Quotes
   
The crude oil futures price is different than the crude oil options price. Commodity and futures prices like crude oil prices are usually quoted the same way prices are quoted in the cash market (physical market). That is, in dollars, cents, and sometimes fractions of a cent. Different commodities are quoted in different trading units. Crude oil prices are quoted per barrel. Be certain you understand the price quotation system for the particular commodity that you consider trading.

The NYMEX crude oil futures contract is a contract for future physical delivery of 1,000 barrels of crude oil; however, the vast majority of the futures positions are offset well before delivery. The crude oil futures trade in $0.01 increments, equivalent to $10 per contract.

Example of Futures Quote:

48.25 means $48.25 per barrel.

Crude Oil Options Quotes

The NYMEX crude oil options contract controls 1,000 barrels of crude oil based on the underlying futures contract. For a premium the crude oil options give buyers the right to buy (calls) or sell (puts) a crude oil futures contract at a fixed price (strike price) for a fixed period of time (expiration date). 

Example of Options Quote:

2.45 means $2.45 per barrel
$2.45 X 1,000 barrels = $2,450

The NYMEX crude oil futures contract is a contract for future physical delivery of 1,000 barrels of crude oil; however, the vast majority of the futures positions are offset well before delivery. The crude oil futures trade in $0.01 increments, equivalent to $10 per contract.

Example of Futures Quote:

48.25 means $48.25 per barrel.

Crude Oil Options Quotes

The NYMEX crude oil options contract controls 1,000 barrels of crude oil based on the underlying futures contract. For a premium the crude oil options give buyers the right to buy (calls) or sell (puts) a crude oil futures contract at a fixed price (strike price) for a fixed period of time (expiration date). 

Example of Options Quote:

2.45 means $2.45 per barrel
$2.45 X 1,000 barrels = $2,450

Crude Oil Quotes

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Commodity trading is not suitable for everyone. The risk of loss in trading can be substantial. This material has been prepared by a sales or trading employee or agent of Van Commodities, Inc. and is, or is in the nature of, a solicitation. This material is not a research report prepared by Van Commodities, Inc. Research Department. Please view our Risk Disclaimer.

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