Individual courses are not for sale, so acquire access to the Course package: Oil of which this course is a sub-set.

Learning Platform

Course: Oil Futures

About the online training programme

This e-Learning consist of a combination of text, audio, animation-style video lessons and engagement about oil futures contracts. Therefore, it covers deal-making in exchange-traded term contracts, the pricing thereof, the trading of the contracts, and the related processes of clearing, margining and settlement.

Course Contents

This course covers the following video lessons:

  • Introduction
    • Definition
    • Option contract & contract specifications
  • Position management
    • Opening & closing a position
    • Long vs. short: Obligation to make/take delivery & obligation to take/make payment
  • Application
    • Speculation vs. hedging
  • Pricing & trading
    • Trading at settlement
    • Trading at marker
  • Clearing
    • Central counterparty (clearing house
    • Clearing members
    • Margining
      • Initial margin
      • Variation margin
  • Settlement
    • Physical delivery
      • Delivery versus payment
      • Seller’s choice
      • Cheapest to deliver
      • Alternative delivery procedure
    • Cash settlement
      • Financial effectation
  • Exchange of futures for physicals
    • EFP
    • Exchange of futures for swaps
      • EFS

This course also includes examination and certification.

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ENTRIMA has trained numerous professionals and certified thousands of learners, and counting

What I like about the course is the information provided and the way it is provided. I find that the length of the videos is right, as it is not too long to watch. Also, thanks to that, when a video is not very clear to me, I watch it again, since I know that they are of short duration. Excellent material.

Ivan Fernando Jara Villalon
Commercial Analyst at Uniper

It is very informative and well described. The subtitles help.

Mohammed Abi Afthab Olikathodi
Analyst Energy Data & Scenarios at Eurelectric

The course provided a good explanation.

Mohammed Abi Afthab Olikathodi
Analyst Energy Data & Scenarios at Eurelectric