02-12-2010, 10:55 PM
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Re: anyone know the stock code for a barrel of oil?
Quote:
Originally Posted by goalkeepr
There is no "today's price". It's a futures market. "CL" means Crude Oil, "H" means March, and "10" means 2010.
So CL.H10 means March 2010 delivery. Because it's a finite commodity with a specific delivery date, it's not traded like a stock, and there's no symbol per se.
When you hear the price of oil quoted on TV, they're quoting the price of oil that is to be delivered next month - which in this case is CL.H10.
http://quotes.ino.com/exchanges/?r=NYMEX_CL |
So is there a code where the H becomes the next month automatically or will I just need to change the stock code at the end of every month?
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