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WTI Futures Curve

The WTI Futures Curve is a contractual agreement for the price of oil at a specific date in the future. The chart shows the price from 1 month (M1) to 80 months (M80) in the future. Plot the historical data regarding WTI Futures Curves by clicking “Historical Futures Curve Data”.

The Futures Curve is not a forecast of future spot prices.

A futures contract is a contractual agreement typically made on the trading floor of a futures exchange. It enables the purchase or sale of commodities at a predetermined price in the future. Both the buyer and seller are required to fulfil their side of the agreement on the date specified. The WTI futures curve indicates the price that oil futures contracts can be purchased or sold at in the future at a price agreed today.

There are several factors influencing oil and gas prices. These include:

  • Changes in supply and demand
  • Storage levels and costs
  • Interest rates
  • The marginal cost of supply
  • Foreign exchange rates
  • Geopolitical risks
  • Market views and expectations and more

ERCE oil and gas commercial modelling group considers the WTI Futures information as part of their everyday work.