Usually, crude oil contracts refer to futures contracts. Moreover, international crude oil contracts change on the 20th of every month. Simply put, it is the crude oil futures that investors can hold in a certain period of time. Among them, the expiration of the crude oil contract means that the goods in the bank account will be automatically closed for sale at a specified time and cannot be held any longer. The contract will be automatically terminated after its expiration. Futures contract refers to the standardized contract formulated by the futures exchange, which stipulates to deliver a certain quantity and quality of physical or financial goods at a specific time and place in the future. Futures are usually called futures contracts.

The content of this article comes from: China Law Publishing House "General Knowledge Series of Legal Life"