The front-month contract is the futures contract closest to expiry — the one the market quotes as today's price. "Front-month Brent" means the nearest-dated Brent future.
近月合约
| Move变动 | Where it appeared出现位置 | What it means这句话在说什么 |
|---|---|---|
| — | Oil Prices Fall as U.S.-Iran Diplomacy, Regional Tensions Remain in Focus 近月合约 · 第 2 张术语卡 | The report quotes front-month November Brent and November WTI, so both numbers refer to the same delivery month — a like-for-like comparison. 读盘小技巧：财经新闻里的油价默认指近月合约。「front-month spread」是近月与次月之间的价差，它反映的是「现在缺不缺油」，而不是「半年后缺不缺」。本篇里布伦特的近月价差从 2 月的不到 1 美元扩大到 4–5 美元，就是即期紧张的信号。国内原油期货里对应的说法是「主力合约」。 |