Home > Investing > What happens if I hold a crude oil futures contract past expiration?

What happens if I hold a crude oil futures contract past expiration?

June 9th, 2008
futures trading
greenfrog112 asked:


Let’s say I am trading crude oil futures, and I accidentally held a contract past expiration. What would happen? I can’t actually take delivery of 1,000 barrels of oil!

Conversely, what would happen if I held a sort contract passed expiration? I don’t have 1,000 barrels of oil to deliver!

Would these situation be settled in cash? What exactly would happen?

Thanks!

LAMARCHE

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Investing , ,

  1. xyz
    June 11th, 2008 at 11:13 | #1
    Reply | Quote

    Oil is on its way out.. better dump it while you can

  2. Terry S
    June 14th, 2008 at 12:41 | #2
    Reply | Quote

    You better call your broker LIKE YESTERDAY.

    If you were short you were settled in cash, if you were long you went past First Notice Day.

    Get a new broker. They should have called you and alerted you to this problem BEFORE First Notice Day.

  3. SEO Freak
    June 17th, 2008 at 08:00 | #3
    Reply | Quote

    is a good start if you want oil info and news.

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