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What is the difference between usoilapr and usoilmay

Trading contracts have different months.

usoilapr is the December trading contract of US crude oil futures, and usoilmay is the trading contract of US crude oil futures in May. A futures contract is an agreement in which a buyer agrees to receive an asset at a specific price after a specified period of time, and a seller agrees to deliver an asset at a specified price after a specified period of time. The price that both parties agree to use for future transactions is called the futures price. The specified date on which both parties must enter into a future transaction is called the settlement date or delivery date. The asset that both parties agree to exchange is called the “subject.” When an investor takes a position in the market by purchasing a futures contract (i.e. agreeing to buy at a future date), it is called a long position or going long on futures. On the contrary, if the position taken by the investor is to sell a futures contract (that is, to assume the contractual responsibility to sell in the future), it is called a short position or going short on futures.