L3D meaning in oil and gas
Definition
Last Three Days
L3D means Last Three Days. The final three days before expiration of a contract for which payment is derived. The average price of these days is used to determine a settlement value. Volatility is reduced due to the…
The final three days before expiration of a contract for which payment is derived. The average price of these days is used to determine a settlement value. Volatility is reduced due to the averaging of prices.
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