Crude Oil
CL=FCLX26.NYMUpdated 07:47:54 UTC · refreshes every 60s
Implied Opening Price
90.79▼
−0.22−0.24%
1σ 89.91 – 91.67VIX 15.4%
Spot vs Implied Open
Cost-of-Carry Model
Full methodology →Model Inputs
| Variable | Value | Source |
|---|---|---|
| Futures Price (F) | 91.01 | CLX26.NYM |
| Spot Price (S) | 91.01 | CL=F |
| Risk-Free Rate (r) | 4.16% | US Treasury 3-month bill |
| Storage Cost (q) | 5.00% | Estimate |
| Time to Expiry (t) | 9.5d | Oct 21, 2026 |
About this instrument
Crude Oil tracks the front-month CL=F futures contract and compares it with the next contract when available. The carry model includes financing and an estimated storage-and-insurance cost of 5% per year.
A higher next-contract price is contango; a lower one is backwardation. The curve describes prices for different delivery dates, not a guaranteed future spot price. See the methodology for the carry model and its limitations.
This is not financial advice.← Back
