So I'm trying to figure out how crude oil futures work. I'm looking at them on DeGiro and as I understand it they're priced in similarly to the expected price of oil? So if I buy a future for October this year (which at the moment costs (55.525), if by August the price of oil has risen to 56 then I will have made a profit? If by October it's trading at 58 and I had bought $1000 dollars worth of futures how much would they be worth at that point? Is there a calculation or an online calculator I can use to work all of this out? Thanks in advance.
Submitted February 16, 2017 at 06:20AM by Snight http://ift.tt/2kthzvt
