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Price trend
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Wiki article
EditWe will use the May 2024 futures contract. If it expires before the due date we will use June 2024 futures.
We will use the prior settled last price on to expire the contract. This is available on the CME page, https://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude_quotes_globex.html
DETAILS:
Oil futures trade 6pm-5pm ET (e.g. opens at 6pm and closes at 5pm, having a one hour break),
https://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude_contractSpecs_futures.html
We will use the LAST listed on the expiry source for contracts,
https://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude_quotes_globex.html
which is the price at 5pm.
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