Table of Contents
What is CMA NYMEX?
CMA NYMEX means the arithmetic average of the prompt NYMEX WTI contract settlement price for all trade days during the month the crude is processed bearing the Argus reporting code #PA00026522MM01; provided that only trade days other than a Saturday, Sunday or other day on which commercial banks in Houston, Texas are …
What is NYMEX WTI CMA?
The Argus WTI differential (diff) to CMA is a market-oriented conversion factor often used in conjunction with the Nymex Calendar Month Average (CMA) to calculate the physical price of WTI at Cushing.
What is CMA crude oil?
The May CMA (calendar month average) is a combination of these daily prompt WTI futures settles from May 1 to 31. In order to calculate the fixed price for a Canadian barrel of crude a differential must be applied to the corresponding calendar month.
How is CMA roll calculated?
The Roll for a particular calendar month is calculated as the daily average of 2/3 * (Month1 Future — Month2 Future) +1/3* (Month1 Future — Month3 Future) for each trading day in the associated Trade Month Period.
What are NYMEX prices?
NYMEX Price means the average of the settlement prices on the day which is seven days prior to the Closing Date of the natural gas future contracts for gas delivered at the Henry Hub in Louisiana traded on the New York Mercantile Exchange for the three nearest months then trading.
What is NYMEX strip pricing?
NYMEX Strip Price means the average closing price of contracts for future delivery for the next occurring 24 months as of the close of trading on the New York Mercantile Exchange (“NYMEX”) on the date of any calculation.
What is Nymex strip pricing?
What is the Nymex strip?
What does CMA mean on NYMEX?
NYMEX CMA means, with respect to any Month, the arithmetic average of the daily settlement prices for the “Light Sweet Crude Oil ” prompt Month futures contract reported by NYMEX for all days from the first day of such Month through the last day of such Month, excluding all NYMEX Non – Trading Days.
How are crude oil futures settled on the NYMEX?
Normal Daily Settlement Procedure NYMEX Light Sweet Crude Oil (CL) futures are settled by CME Group staff based on trading activity on CME Globex during the settlement period. The settlement period is defined as: 14:28:00 to 14:30:00 ET for the Active Month and 14:28:00 to 14:30:00 ET for calendar spreads.
How are the settlement prices for the E-mini crude oil (QM) futures contracts determined?
The settlements in the E-mini Crude Oil (QM) futures contracts are derived directly from the settlements of the regular sized Crude Oil (CL) futures contracts, rounded to the nearest tradable tick. Settlement prices for the E-mini Crude Oil (QM) futures may differ slightly from the “true” settlement price displayed on the CME Daily Bulletin.
Why choose Nymex WTI?
NYMEX WTI is closely connected to the spot market, reducing costs. Enjoy 60% long term, 40% short term treatment on capital gains. Control a large contract value with a small amount of capital.