oil future
4
6.6
- noun
- /ɔɪl ˈfjuːtʃər/
- Specialized
:
futuro del petróleo
- Likewise, an oil producer concerned about the risk of oil price decreases could hedge this risk by taking a short position in oil futures.
- crude oil futures
- oil futures contract
- oil futures prices
And I started playing golden oil futures not knowing anything about it.
- And I started playing golden oil futures not knowing anything about it.
Examples
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You must be the only person not buying oil futures on margin.
Blog text (31) -
Investors are betting on rising prices by purchasing oil futures for delivery in the coming months.
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And I started playing golden oil futures not knowing anything about it.
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You can buy crude oil futures just like you can buy gold and silver futures; it's basically a delivery contract.
Blog text (9) -
For crude oil futures, a full contract is for 1,000 barrels.
Blog text (31) -
I would argue that the risks, probability, and magnitude of Iraq's production are already factored into the oil futures pricing.
Blog text (11) -
For example, most crude oil futures contracts are based on the price of West Texas Intermediate crude, and thus such futures can provide only an imperfect hedge on oil that is produced in a different region and/or is of a different grade.
Academic text (2001) -
Today, traders are closely watching the oil futures market as prices fluctuate based on global supply-and-demand factors.
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In the commodities market, oil futures play a crucial role in hedging against price volatility.
Synonyms
76
7.9
A contract to buy or sell something later at a fixed price
8
6.3
An agreement to buy or sell something later at a fixed price
3
6.2
An agreement to trade things such as oil or shares at a fixed price on a future date
A contract to buy or sell oil at a set price on a later date
Antonyms
- Specialized
2
5.1
A place where people buy and sell things like oil or currency to be delivered right away
How Immediate
- Specialized
2
5.1
- Specialized
4
6.6
- Specialized
8
3.9
Surface Forms
Morphology
The components 'oil' (petroleum) and 'future' (relating to a later time) signal that this phrase concerns oil at a later date, so there is a compositional hint. However, the specific financial meaning—a standardized contract to buy or sell oil at a set future date—is specialized jargon that a B1 learner who only knows the basic senses of the words would likely not infer without exposure to financial vocabulary.
Etymology
Oil future comes from the idea of agreeing now to buy or sell oil at a fixed price 'in the future'. Imagine promising today to take a barrel months from now; that picture of fixing the price ahead is why the phrase means a deal to buy or sell oil at a later date.