Posts Tagged ‘spot price’

Spot Price is…

Thursday, August 20th, 2009

The spot price is the current market price of an actual physical commodity. Sometimes this is also called the cash price. The spot price is traded on the spot market, where goods are sold for cash and delivered immediately. So, if you buy a barrel of oil on the spot market for $60, then you will receive the actual barrel of oil as soon as possible.