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How is the FOREX.com oil price derived?

April 26, 2017derived forex.com Oil price

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How is the FOREX.com oil price derived?

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FOREX.com’s prices for UKOIL and USOIL are derived from the prices of futures trading on the Intercontinental Exchange (ICE). Our price is derived from the current (front month) price of the ICE contract up to the 2nd Wednesday of each month, Between that date and the expiry date of the ICE contract, the FOREX.com oil contracts will be priced from the next futures contract month to avoid expiry-related volatility. Read more about contract expiry.