1. Value of primary fuel futures contracts: different futures exchanges and contract specifications may be different. Suppose the value of the primary fuel futures contract is $ 1000.
2. Point value of fuel futures: the value of each point, also known as point value or contract value, indicates the amount of money corresponding to the price change of each point. Suppose the point value of the fuel futures contract is $ 10. According to the above information, the following calculation can be made: the profit of 50 points increase in primary fuel futures =50 points × point value × primary contract quantity. Assuming that the contract value of primary fuel futures is $65,438+0,000 and the point value is $65,438 +00, substituting the above formula, the profit of primary fuel futures rising by 50 points = 50× 65,438+00× 65,438+0,000 = 500,000. Therefore, when the price rises by 50 points, the first-hand fuel futures can make a profit of 500 thousand dollars.