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Must crude oil be closed on the delivery date?
The delivery date of crude oil refers to the date of exchange agreed by both parties to the crude oil transaction, which is generally the third day before the 25th day of normal transaction in the contract expiration month. If the 25th day of normal trading in the current month is a non-working day, it will be postponed to a working day, so the delivery date is usually from 16 to 20 of the contract month. Need to close the position on the delivery date of crude oil. If the position is not closed, the futures company will carry out compulsory position closing, which is subject to the actual rules of the futures company.

Tips:

1. The above instructions are for reference only and do not make any suggestions.

2. All investment in financial derivatives is risky, which requires investors' financial risk management ability and is not suitable for investors without professional financial knowledge. In addition to basic financial knowledge, investors should also control their risk tolerance and not invest blindly.

Response time: August 4, 2020. Please refer to the latest business changes announced by Ping An Bank in official website.

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