They also provide efficient transactions in and out of positions. In Asia, there are a variety of benchmarks linked to crude, but no established price marker.

Unleaded Gasoline Futures Contract Specifications

Average daily volume during overnight trading 4 p. Natural gas futures posted record trading in the first quarter, including a single-day all-time high of over 1. Global LNG trade reached The terminal operates four trains capable of producing 18 million metric tons of LNG per year.

Two additional trains under construction would take capacity up to 27 million metric tons. LNG exports hit a record in March of about 2. As LNG grows in the global markets, the shortcomings of crude-gas pricing mechanisms are becoming increasingly apparent to the industry.

Historically, natural gas markets were fragmented and region-centric. In Asia, there are a variety of benchmarks linked to crude, but no established price marker. A rise in crude prices unrelated to natural gas fundamentals, for example, could scare off price-sensitive LNG buyers. There were no trades for this contract during the time period chosen.

Please choose another time period or contract. This contract has not yet traded and there is no quotes information available at this time. About Natural Gas Henry Hub Natural Gas NG Futures allow market participants significant hedging activity to manage risk in the highly volatile natural gas price, which is driven by weather-related demand.

Natural gas futures are: The third-largest physical commodity futures contract in the world by volume Widely used as a national benchmark price for natural gas, which continues to grow as a global and U.

Natural gas futures prices are based on delivery at the Henry Hub in Louisiana. Options types include American, calendar spread, European and daily. Contact Us Energy cmegroup. Commercial users, such as fleet operators, can also use the unleaded futures contract to hedge against price risk in meeting their fuel procurement needs, and to help stabilize procurement costs.

Speculators in the futures markets fulfill several vital economic functions by facilitating the marketing of basic commodities and the trading in financial instruments. Speculators do not create risk; they assume it in the hope of making a profit. In a market without these risk takers, it would be difficult, if not impossible, for hedgers to agree on a price because the sellers or short hedgers want the highest price, while the buyers or long hedgers want the lowest possible price.

In addition to assuming risk, providing liquidity and capital, speculators help ensure the stability of the market. Speculators trade in the futures markets to profit from price fluctuations. The price of grain, for example, changes along with supply and demand. Plentiful supplies at harvest time usually means a lower price for grain. Higher prices may result from such things as adverse weather conditions during the growing season or an unexpected increase in export demand.

Financial instruments fluctuate in price due to changes in interest rates and various economic and political factors. When speculating in the futures markets , both profits and losses are possible - just as in owning the actual, physical commodity. Speculators "buy contracts" go long when expecting prices to increase, hoping to later make an offsetting sale at a higher price, thus, at a profit.

Speculators "sell contracts" go short when expecting prices to fall, hoping to later make an offsetting purchase at a lower price, again, at a profit. What is unique about futures is that a speculator can enter the market by either purchasing or selling a futures contract.

The profit potential is proportional to the amount of risk that is assumed and the speculator's skill in forecasting price movement. Potential gains and losses are as great for the selling going short speculator as for the buying going long speculator. Whether long or short, speculators can offset their positions and never have to make, or take, delivery of the actual commodity.

The liquidity and efficiency of the New York Harbor RBOB futures contract have made it by far the most frequently used and most effective risk management and price discovery tool in regional, national, and even international gasoline markets.