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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Euro$ interest rate futures eased lower on the nearby contracts, while rising slightly on the deferreds.
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.
By examining the data, available (the volume and open interest) for the purpose of calculating the return, only the second nearby, third nearby and the fourth nearby contracts were chosen.
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.