RE:RE:RE:Here is My Math For Today's Close..Thans Matt.... so for the board, the key will be the june future's value before market open tomorrow. The market will be open all night starting at 6:00 PM EST. The only value that counts is the June Future's contract before 9:30 a.m. EST.
The price of HOU will almost certainly be lower than it is now although all dependent on June futures and the percentage increase/loss times two. That would need to be applied to roughly $.72 which is the NAV for the HOU unit at the end of closing today.
The PR did come out saying market prices were inflated. Let's remember that. There is much rebalancing that we have no idea what was going on throughout the day. Who knows what kinds of derivatives and swaps they used. Way beyond any of us. The open and close is clear though.
Below you will find a link to the CME which will help you with futures values.
Best of luck for tomorrow folks,
sb
https://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude_product_calendar_futures.html