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Prompt Month

Nearest delivery month for a futures or forward contract, typically the most liquid point on the forward curve.

Prompt month is the nearest futures or swap contract due for delivery or settlement.

In oil markets, prompt month contracts are highly liquid and closely watched for pricing signals. They represent immediate market supply-demand conditions.

Traders monitor prompt month for hedging short-term exposure, rolling contracts, and assessing market sentiment.

Prompt month pricing often drives benchmark references and influences derivative spreads.

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