If 25th of the current month is a non-working day, the last trading day of WTI contract in the first month of the current month is the third trading day before 25th. Usually around the 20th. Through physical delivery, futures and spot markets can achieve mutual linkage, and futures prices will eventually converge with spot prices, so that the futures market can really play the role of a price barometer. The delivery date of crude oil futures refers to the contract month 16 to 20.
Delivery shall start on or after the first calendar day of the delivery month and end before the last calendar day of the delivery month. Crude oil that can be traded in NYMEX includes domestic crude oil and crude oil outside the United States.
If the final delivery date of crude oil futures is postponed in case of legal holidays, or during delivery, the delivery date will be postponed accordingly, and generally five delivery days are guaranteed. These five delivery days are called the first delivery day, the second delivery day, the third delivery day, the fourth delivery day and the fifth delivery day respectively, and the fifth delivery day is the final delivery day. The delivery date of crude oil futures on the London International Financial Futures Exchange is the second Wednesday of March, June, September and 65438+February.