Cryptocurrency Q&A
How many barrels of oil are in one futures contract?
How many barrels of oil are in one futures contract?
DaeguDiva
Mon Feb 10 2025
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6
answers
1403
I'm trying to understand commodity futures trading, specifically oil futures. I want to know how many barrels of oil are typically included in a single futures contract. This information is crucial for me to calculate the potential profit or loss from trading oil futures.
6 answers
Margherita
Wed Feb 12 2025
Crude oil futures are financial instruments traded on exchanges.
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BlockchainBaron
Wed Feb 12 2025
The standard contract for crude oil futures typically represents 1,000 barrels of crude oil.
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Silvia
Wed Feb 12 2025
In addition to the standard contract, there is also a Micro contract for crude oil futures.
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ZenHarmony
Wed Feb 12 2025
Trading in crude oil futures can be done through the New York Mercantile Exchange (NYMEX).
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StarlitFantasy
Tue Feb 11 2025
The electronic CME Globex system is used for trading crude oil futures on NYMEX.
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