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Will the price of West Texas Intermediate (WTI) oil exceed $70 per barrel at the end of November 2024?
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<body><p>We will use the December 2024 futures contract. If it expires before the due date we will use January 2025 futures.</p> <p>We will use the <s>prior settled</s> last price on to expire the contract. This is available on the CME page, <s>https://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude_quotes_globex.html </s>https://www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.quotes.html</p> <p> </p> <p>DETAILS:</p> <p>Oil futures trade M-F 6pm-5pm ET (e.g. opens at 6pm and closes at 5pm, having a one hour break),<br/> https://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude_contractSpecs_futures.html<br/> We will use the LAST listed on the expiry source for contracts,<br/> https://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude_contractSpecs_futures.html<br/> which is the price at 5pm.</p></body>
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