Crude Contracts Expiry Day

The last trade for the front month crude contract is today, and strange price fluctuations have often been cited as the contract nears closing. Today oil is down over $2. In the past this kind of change might have been explained by traders going long and being forced out of their trade so as to avoid taking delivery of the oil. If this was the case, we would expect to see the July futures as an outlier among the more forward contracts. Today this is not the case, as the table below shows that oil is down across the board.

Comments

[OilFinder:]

I hate to say I told ya so, but I told ya so (not referring to you in particular, TickerSense):
seekingalpha.com/artic...
seekingalpha.com/artic...
seekingalpha.com/artic...
seekingalpha.com/artic...

Jun 22 04:07 PM

[tunaman4u2:]

USO has become more safe than UNG with these contracts... Put all of these in the 50s & I'm a huge buyer

Jun 23 12:19 PM