Consider the following structure. 
Which of the following is the correct classification of this substance?
Definitions:
Settlement Price
The official price at the close of a trading session on a futures exchange, used for determining margin requirements and the next day's price limits.
Future Contract
A legal agreement to buy or sell a particular commodity or asset at a predetermined price at a specific time in the future, reiterating the concept of futures contracts with a focus on its nature as a legal agreement.
Spot Price
The current market price at which a particular asset can be bought or sold for immediate delivery.
Oil
A natural resource used as a primary energy source and raw material in various industries, whose market dynamics significantly influence global economics.
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