US physical trade month

US physical trade month

In the US, the crude industry utilizes a physical trade month, that is not based on a typical calendar month nor the Nymex futures contract schedule. After watching this FAQ video, download our 2020 US crude oil trading calendar.

What is the physical trade month?

When does US physical trade month start and end?

The US physical trade month for crude markets typically starts on the 26th day of the month two months before delivery and ends on the 25th day of the month before delivery – with exceptions.

Why is there a physical trade month?

The US physical trade month for crude markets allows pipeline operators and shippers time at the end of each calendar month to ensure that all volumes are properly scheduled before physical delivery starts on the 1st day of the following calendar month.

What is a crude oil trading day?

Argus defines the trading day by determining at what times the market can be said to contain a fair number of willing buyers and sellers. For US crude oil markets, Argus defines the trading day as follows: 7:00am – 3:00pm CT for the US Gulf coast and midcontinent pipeline markets, and 7:00am – 4:00pm PT for the US west coast pipeline and waterborne markets.

What is a trade month average?

A trade month average of Argus prices is the most common calculation on which term contracts are settled in the US crude industry and is commonly used in many swap futures that settle on Argus prices.

联系我们

Argus produces information and services for global markets, which requires Argus to share your personal information with Argus group companies and service providers that are based both within and outside of the European Economic Area (EEA). Argus Media may use the details submitted to send you information about related Argus products and services which may be of interest to your business. You can unsubscribe from these updates at any time. We manage your personal data in accordance with our privacy policy.

Required
请输入您的名字
长度不能超过300个字符。
请输入您的姓氏
长度不能超过300个字符。
请输入您的电子邮件
请填写有效的电子邮件地址
Please enter your company name
Please fill in a valid telephone number
Please select country
Please select your primary market