WTI Forward Points

WTI Current Forward Points

Contract	Forward Points	Date
U26	2.7300	2026-07-29
V26	0.1350	2026-07-29
X26	-2.1900	2026-07-29
Z26	-3.9450	2026-07-29

WTI 30-Day History Chart

Understanding WTI (WTI) Forward Points

Forward points for WTI represent the interest rate differential between the two currencies in the WTI pair. They are a critical input for pricing forward contracts, calculating swap rates, and analyzing carry trade opportunities.

The table above displays the most recent forward point values for all available WTI contract months, sorted by expiration date. The chart visualizes the 30-day trend, helping you identify directional shifts and seasonal patterns in the WTI forward curve.

Each contract links to a detailed page with full lifecycle statistics — first and last recorded values, minimum and maximum, arithmetic mean, and a complete historical data table for that specific WTI contract.

View Full History »

How WTI Forward Points Shape Margin Zones and Option Levels

Margin zones and option levels drawn from the WTI spot chart alone assume that spot is the whole picture — but the interest rate differential built into WTI forward points shifts the fair value of those zones as each contract approaches expiry. Ignoring that drift means the levels quietly go stale.

Because WTI forward points are refreshed daily across all live contract months, you can re-check spot-based margin zones and option levels for WTI against the current forward curve instead of a fixed spot snapshot — and adjust as the differential moves.

Frequently Asked Questions

What do WTI forward points tell me?

Forward points for WTI indicate the market's expectation of interest rate differentials over time. Changes in forward points often precede central bank policy decisions and can signal shifts in monetary policy expectations well before they are officially announced.

How do I use forward points for position sizing?

Forward points directly impact the swap (rollover) cost of holding a WTI position overnight. A trader long WTI with negative forward points pays swap each day. Factoring forward points into your position sizing helps manage carry costs, especially for longer-term trades.

Can forward points predict spot price movements?

Forward points themselves do not predict WTI spot direction, but significant changes in the forward curve can indicate shifting rate expectations. A steepening or flattening of the curve across contract months often reflects changing macroeconomic sentiment and can be used as a confirmation signal alongside other analysis.

Do forward points affect margin zones and option levels for WTI?

Yes. Margin zones and option levels calculated from WTI spot price drift away from fair value as expiry approaches, because they don't account for the interest rate cost embedded in forward points. Checking them against the current WTI forward curve keeps them aligned with how the market is actually pricing risk.