1. What is crude oil futures?
Crude oil futures are futures with forward crude oil prices as the subject matter and are the most important oil futures. Standardized contracts, which are formulated by the exchange and agreed to deliver a certain quantity and quality at a specific time and place in the future, are trading varieties in futures trading. Crude oil futures contracts are traded in the form of open competition after they are listed on the exchange.
2065438+On March 26th, 2008, crude oil futures were officially listed and traded in Shanghai International Energy Exchange Center with the trading code SC.
Standard contract for crude oil futures of Shanghai Energy Exchange Center
Two. Crude oil futures trading rules:
1. The minimum trading unit of crude oil futures is one hand and the other hand is 1000 barrels. If you buy 10 crude oil futures contract, it is equivalent to buying 10000 barrels of crude oil.
2. The minimum change price of crude oil futures contract is 0. 1 yuan/barrel. If the current price of crude oil contract is 500 yuan/barrel, the price after one point increase is 500. 1 yuan/barrel, and the price after one point decrease is 499.9 yuan/barrel. Crude oil contract (1000 barrels per hand) opened. Every time the contract price changes by one point (0. 1 yuan/barrel), the account amount will change1000 * 0.1=100 yuan.
3. Crude oil futures can be long or short, and both long and short can get the spread income. For example, if you sell a crude oil contract and the opening price is 500 yuan/barrel, when the price drops to 450 yuan/barrel, you can get a profit of (500-450) *1000 = 50,000 yuan.
4. Crude oil futures is a T+0 trading mechanism, which can close positions on the opening day, and there is no limit to the number of positions opened. This trading mechanism provides more trading opportunities for short-term traders.
5. Crude oil futures adopt margin trading system, which can be small or large. For example, the margin of first-class crude oil futures is about 50,000 yuan, while the value of first-class crude oil in the spot market is about 500,000 yuan, which is equivalent to trading 500,000 yuan of crude oil with a margin of 50,000 yuan in advance, and the utilization rate of funds is improved.