Im having a baby and i love the name Ellie but don't know what the full name should be?
In finance, a futures contract (more colloquially, futures) is a contract between two parties to buy or sell an asset for a price agreed upon today (the futures price) with delivery and payment occurring at a future point, the delivery date.
Oil futures are derivative securities that give the holder the right to purchase oil at a specified price (similar to how stock options work). If you exercise your future by the settlement date, you can purchase oil (crude oil futures trade in units of 1,000 barrels) at the price stated in the futures contract.here are plenty of ways to get in on the oil industry. For example, you can buy stocks of oil and drilling companies. But one of the most profitable â and riskiest â investments you can make is in oil futures. In this article, weâll look at what oil futures are, and then discuss the pros and cons of investing in them.