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 New York Harbor Residual Fuel 1.0% (Platts) Futures (Jun 2016) is Jul 5, 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 New York Harbor Residual Fuel 1.0% (Platts) Futures (Jun 2016) before Jul 5, 2016.