A representation of what an asset is worth today and what the market thinks it will be worth in the future.
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Frequently Asked Questions
The nearest expiration date for European 1% Fuel Oil Cargoes FOB NWE (Platts) Futures (Mar 2016) is Mar 31, 2016.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell European 1% Fuel Oil Cargoes FOB NWE (Platts) Futures (Mar 2016) before Mar 31, 2016.