Tag: crude
Contango
DefinitionContango is a situation where the futures price of a commodity is higher than the anticipated spot price at maturity of the futures contract....
Back Month Contract
What is 'Back Month Contract' A type of futures contract that expires in any month past the front month futures contract. The...
Natural Gas Storage Indicator (EIA Report)
What is 'Natural Gas Storage Indicator - EIA Report' The U.S. Energy Information Administration (EIA) weekly estimate of working natural gas volumes...
Oil Initially In Place (OIIP)
What is 'Oil Initially In Place - OIIP' The amount of crude first estimated to be in a reservoir. Oil initially in...
e-CBOT
What is e-CBOT and how does it work
The e-CBOT system is a secure, electronic platform that allows users to trade financial instruments including commodities,...