WWW - Posts tagged Oil futures contracts at BloggingStocks

oil futures contracts posts

Long dated oil contracts surge to almost $100 per barrel

Posted Nov 9th 2009 2:40PM by Connie Madon (RSS feed)
Filed under: International Markets, Industry, Options, Commodities, Oil

Sometimes you can get an indication of market trend by looking at the prices of futures contracts in the forward months. Oil futures contracts trade out as far a 2017. Oil futures contracts for the year 2017 are trading a just a shade under $100 per barrel, while spot crude was trading at $77.65 per barrel (spot prices are cash prices.)

The International Energy Agency has said that last year's spike of oil prices to $147 per barrel was a contributing factor in tipping the world into recession. It damaged trade balances, reduced household income and dampened growth, putting pressure on inflation and interest rates.

Continue reading Long dated oil contracts surge to almost $100 per barrel