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What Is a Spot Price?

By Matthew DiLallo – Updated Dec 13, 2024 at 10:02AM

Key Points

  • Spot prices provide real-time asset values, guiding both immediate and future transactions.
  • Commodity traders use spot prices to set futures, stabilizing or speculating on price movements.
  • In exemplary data, WTI and Brent's spot prices were higher than their future prices, predicting a drop.
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