Current Delivery

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Current Delivery

Among several different futures contracts, the one with the shortest maturity. For example, given three futures contracts, one expiring in March, one in June, and one in September, the current deliver is the one expiring in March. It is also called the nearby deliver. See also: Most distant futures contract.
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Expectations of improving supply are already beginning to affect prices, dampening Brent crude oil futures for nearby contracts relative to forward months, tipping the front of the price curve into a so-called contango.
The data will use the most active electronically traded front and nearby contracts across commodity and financial products.
Of note is the new flatness of the forward price curve on oil futures, with the nearby contracts gaining more than the backs in recent trading sessions.
Most commodity funds buy nearby contracts, generating demand that can sometimes raise contract prices, resulting in a negative roll yield.
The crude futures markets are contango, meaning that all the more distant delivery months settled higher than the cash and nearby contracts.
This may put some pressure on the nearby contracts relative to the deferred contracts.