The stock market has traditionally proved to be a fantastic platform for investors to trade financial instruments, and similarly goods traded via investment funds, known as "the future". "The Future" – is a financial instrument that investors use to take a position on where the investor feels that the underlying commodity price will move in the future. F & # 39; yuchersny trader gets this vehicle with confidence that the price of the goods or to increase or decrease by a certain specific future.
Purchase of the future – it is a contract, which is the price today, the buyer could buy the underlying commodity in the future at a price agreed today, regardless of the possible market conditions in the future (agreed date). Globally, there are many f & # 39; yuchersnyh markets, and for the oil major markets with the & # 39 are the New York Mercantile Exchange (NYMEX), as well as the international oil market, which today is known as "ICE".
There is a lot of speculation going on in the f & # 39; yuchersnyh markets, and it can affect the price of crude oil. For example, if traders take on a large number of F & # 39; yuchersav at prices that are higher than the current market price, this will lead to the fact that oil producers are accumulating supplies that are on hand, so that they can in the future to dump it on the market in a new higher price – it instantly reduces the current supply of oil in the market and at the same time increases as the future, and the current price of the goods. Sometimes traders try to "corner the market", using the well-known method.
In 1970 it was established by the Trade Commission in the US trade f & # 39; yuchersami (CFTC) as a state agency for regulation of speculators and control to ensure that prices are not out of control. Gradually over time, CFTC declined to a considerable part of the regulatory power and control over the market.
Like any other commodity, crude oil has its own symbol tsikera and margin requirements for trading on stock exchanges. If an investor / trader to trade f & # 39; yuchersnym oil contract, they will see something similar to the tape:
CL8K @ 103.45
The text in bold above is translated so as to read "Crude Oil (CL), 2008 (8) May (K) to $ 103.45 / barrel." The cost of oil is determined by the contract of the current market price multiplied by the contract value. Thus, in this example: $ 103,45 X 1,000 barrels of oil = $ 103450