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 3.5% Fuel Oil Cargoes FOB MED (Platts) Futures (Oct 2016) is Nov 2, 2016.
The best time to sell a futures contract is when you've already made money on the investment, but still have plenty of time left before the expiration date. Thus, a good option would be to sell European 3.5% Fuel Oil Cargoes FOB MED (Platts) Futures (Oct 2016) before Nov 2, 2016.