Jump to content
  • 0

Daily financing adjustment on Oil contract



Hi there,

I'm currently short on WTI oil with 6.5 x $1 contract at price of $90.55. Now October WTI oil contract was settled at 90.28 and November contract is $89.86. When I look at the IG example of how Daily financing adjustment on Oil contract works, I can't understand why I'm paying nearly $29 in daily financing adjustment instead of getting some amount credited in my account. I have shorted WTI earlier too with sometime P3 higher or lower than P2. But It seems that no matter whether P3 is higher or lower than P2, I always end up with debit instead of getting credit for daily financing adjustment.

Can someone please help me understand how this works?


Link to comment

0 answers to this question

Recommended Posts

There have been no answers to this question yet

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Create New...