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What is US Oil Spot correlated to in the NON IG world

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Cannot find a definition on this site or elsewhere

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Ah I see now- nobody seems to know.  Its all just a fantasy

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2 minutes ago, kabuki said:

Ah I see now- nobody seems to know.  Its all just a fantasy

or you could have tried a simple forum search and would have found a number of recent threads discussing that very point.

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Hi

Real time price for US Crude is -$35 but quoted price on IG index is +21 USD. What is happening?

I am interested in purchasing June contract

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If you mean what it corresponds to is that it doesn't correspond to anything. It is a synthetic product created by IG which interpolates between the front and the front + 1 contract.

If you mean statistical correlation obviously it will be very correlated to an oil contract.

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