WTI futures-cash spread

M

maxima120

What are usual characteristics of futures-cash spread of WTI crude oil ? does anyone have 1 day picture of such spread (spot vs front month contract) ?

just to see how volatile it is and what are the absolute variations from mean. is it pennies or less or more?

otherwise - what is Bloomberg symbol for WTI crude spot prices? I cant find it.
 
Quote from maxima120:

What are usual characteristics of futures-cash spread of WTI crude oil ? does anyone have 1 day picture of such spread (spot vs front month contract) ?

just to see how volatile it is and what are the absolute variations from mean. is it pennies or less or more?

otherwise - what is Bloomberg symbol for WTI crude spot prices? I cant find it.
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I don't look at spot prices too much, but think it may be USCRWTIC Index
 
thanks Water :) am trying the symbol..

Great - I saw those prices at EIA but its actually highlights the question I am trying to resolve..

I do not expect much of variation to be on the Close to Close prices between spot and futures.

What I am trying to find out - how far speculations on futures can pull futures prices away from spot..

I understand that high level speculators probably active on the both markets so there cant be much of difference but still would like to see intraday spread chart..

please note i am not going to arb it :) i just want clarity...
 
I don't think you will find a public, published price for immediate assessments of WTI at Cushing, Midland or Clovelly. Platts assesses a myriad of crudes in the Mid Continent and US Gulf coast, however subscriptions to their services run in the $20k+ range.
 
Here is the EIA spot data vs. Nymex front month settlements. Not as granular as intraday, but it should give you an idea. I haven't checked the dates so you may need to synch this.
 

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