Trading commodities like crude oil using futures & options is very useful whether you aim to speculate on the price of the commodity or hedge your positions. However, when trading derivative contracts like F&O, it is vital to know when the expiry date of the contracts is. Let’s take a look at the crude oil expiry details for 2025.
Futures & Options (F&O) are derivative contracts. These contracts do not hold any intrinsic value and derive their value from the underlying asset. In this case, the futures and options contracts derive their value from crude oil. A change in the price of crude oil results in a change in the price of the futures and options of the commodity.
Both futures and options are contracts in which participants agree to purchase or sell a commodity at a predetermined price on a specific date. The expiry date is the last trading day of these contracts, following which, the parties have the right to exercise the contract to take delivery of the commodity. In India, crude oil futures and options in the commodity exchanges are cash-settled and not physically delivered. Alternatively, traders can settle the contract in a cash settlement or rollover the position to the next expiry.
Here are the expiry dates for MCX crude oil futures contracts in 2025 -
Contract Month |
Contract Launch Date |
Contract Expiry Date |
January 2025 |
22 July 2024 |
17 January 2025 |
February 2025 |
20 August 2024 |
19 February 2025 |
March 2025 |
20 September 2024 |
19 March 2025 |
April 2025 |
22 October 2024 |
21 April 2025 |
May 2025 |
20 November 2024 |
19 May 2025 |
June 2025 |
19 December 2024 |
18 June 2025 |
July 2025 |
20 January 2025 |
21 July 2025 |
August 2025 |
20 February 2025 |
19 August 2025 |
September 2025 |
20 March 2025 |
19 September 2025 |
October 2025 |
22 April 2025 |
20 October 2025 |
November 2025 |
20 May 2025 |
19 November 2025 |
December 2025 |
19 June 2025 |
18 December 2025 |
Here are the expiry dates for MCX crude oil options contracts in 2025 -
Contract Month |
Contract Launch Date |
Contract Expiry Date |
January 2025 |
October 2024 |
15 January 2025 |
February 2025 |
November 2024 |
17 February 2025 |
March 2025 |
December 2024 |
17 March 2025 |
April 2025 |
January 2025 |
21 April 2025 |
May 2025 |
February 2025 |
19 May 2025 |
June 2025 |
March 2025 |
18 June 2025 |
July 2025 |
April 2025 |
21 July 2025 |
August 2025 |
May 2025 |
14 August 2025 |
September 2025 |
June 2025 |
17 September 2025 |
October 2025 |
July 2025 |
16 October 2025 |
November 2025 |
August 2025 |
TBA |
December 2025 |
September 2025 |
TBA |
Numerous factors impact the price of crude oil. Given the volatile nature of crude oil prices, here are some key factors that impact the price of crude oil contracts on expiry.
One of the main factors that impacts the price of crude oil is the global demand and supply of the commodity. When the demand exceeds supply, the price of crude oil increases and when the supply is higher than the demand, the price of crude oil declines.
For countries that depend heavily on crude oil imports, the currency rate plays a crucial role in the pricing of the commodity. When the domestic currency is weak, the purchasing power of the currency declines. More money needs to be spent to purchase the same amount of crude oil, making importing crude oil expensive. This leads to an increase in domestic crude oil prices.
Traders should always keep an eye on geopolitical events such as wars, trade restrictions, tariffs, or environmental regulations as they can have a sizeable impact on crude oil prices. Economic events such as inflation rates, manufacturing activity, GDP growth, and other key data also affect crude oil prices.
Crude oil inventory levels are a great indicator of demand and supply. A higher inventory of crude oil indicates that the demand for the commodity is lower, and vice versa. Traders can track weekly crude oil inventory levels to get a better idea of the demand and supply dynamics.