The futures price will take the future spot price the anticipated price, and it also affected by macroeconomic variables.

期货价格作为未来现货价格的预期价格，与宏观经济因素存在着密切的联系。

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Backwardation is the opposite of contango, representing a situation in which the spot price is higher than the price for future delivery.

现货溢价正好和期货溢价相反，表示现货价格高于期货价格的一种情况。

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Of course, a rise in the spot price of oil triggered by a change in expectations about future prices will cause a decline in the current quantity of oil that consumers demand.

当然，由未来油价预期引发的现货油价上涨会促使当前石油需求量下降。

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The scramble to secure oil supplies now and into the future has contributed to the sharp increase in the price of oil on both the spot market and for future delivery.

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