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CRUDE FORWARD CONTRACTS ROLLOVER COST?


Pauliemac

Question

I wonder if you could help me:-

Say I buy 100 x £1 WTI forward contracts for expiry MAY 

What would it cost me to roll the contract over to the following month when it expires.

I think it costs 1.4 points to close and 1.4 points to open?  If that is correct what would that actually be in £ (pounds)

Look forward to your reply

Many Thanks

Paul

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