About the crude futures dealings
Posted by 9b | Filed under Crude oil price forward business
In news that tells us the crude oil price, the word called “Crude futures” or “WTI” is often derived. Isn’t there doubted remark?
【 crude futures 】
“Crude oil” indicates the thing of the oil made of laziness to which any hand is not put up while mined from the oilfield though it is crude futures. “Ahead” of “Futures” indicates the thing in the future. The commodity is received in the future and the thing of financial products of the sales transaction that decide the condition of passing it (crude oil price) now is indicated. It will become before one month and before three months and before half a year and one year ahead in this future.
The target thing for this futures is called an original commodity. The thing when this original commodity is crude oil is called the crude futures dealings. Therefore, how to call changes, too, when an original commodity changes. An original commodity chiefly includes financial products, metallic resources, and farm products, etc.
There are a currency, an interest rate, and an international index, etc. called stock index, the dollar, and Euro with an original commodity in “Financial futures”. The primary commodity has been basically treated with an original commodity in “Commodity futures” by farm products of crude oil, the soybean, corn, coffee, and the crude rubber, money, and metallic resources etc. of silver, aluminum, and platinum.
The forward business treated with the exchange is different in Japan, and commodity futures has been treated by financial futures, Tokyo Grain Exchange, and Tokyo Commodity Exchange for Industry in Tokyo Stock Exchange and a financial exchange in Tokyo. Moreover, there is a transaction system said that it will exchange directly with the forward business trader who says the over-the-counter transaction without using the exchange enumerated in the above-mentioned in the forward business, too.
Tags: and commodity futures, Crude oil price, financial futures, forward business, WTI
