What do you mean by position in crude oil futures?
Position (trading position): a market convention. The buyer of the futures contract is in the long (short) position, while the seller of the crude oil futures contract is in the short (short) position.
A position is an intention to buy or sell. A position can be the amount of money an investor owns or borrows.
1. Position, also known as "head line", means money, is a popular term in financial and business circles. If the bank's income is greater than the expenditure in the total collection and payment of the day, it is called "long position", and if the payment is greater than the income, it is called "short position". The behavior of predicting more or less of this kind of position is called "rolling position". The act of trying to transfer money in everywhere is called "reversal position". If the temporarily unused funds are greater than the demand, it is called "loose position", and if the capital demand is greater than the idle amount, it is called "tight position".
2. Position is a word commonly used in financial industry, which is often used in finance, securities, stock and crude oil futures trading.
For example, when building a position in crude oil futures trading, the position held after buying crude oil futures contract is called long position, referred to as long position; the position held after selling crude oil futures contract is called short position, referred to as short position. The difference between open long contracts and open short contracts is called a net position. It's only in futures trading that it's not in spot trading.
In addition, in the financial industry there are flat positions, position lending and other statements.
There are many kinds of position days: the first position day (the first day of futures delivery process) and so on. Most of them refer to the day when funds are used.