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Crude Oil Futures Contract

NYMEX WTI Light Sweet Crude Oil futures, the world’s most liquid and actively traded crude oil contract, is the most efficient way to trade today’s global oil markets. WTI (West Texas Intermediate) is a light, sweet crude oil blend. ‘Light’ refers to its low density and sulfur content, ideal for conversion to gasoline and diesel fuel.

Contract Unit

1,000 barrels

Futures Contract
Symbol

 

CME Globex: CL

Trading Hours 

CME Globex: Sunday – Friday 5:00 p.m. – 4:00 p.m. Chicago/Central Time (CT).

Minimum Price
Fluctuation

0.01 per barrel = $10.00

Contract Months

All 12 months

Settlement Method

Deliverable

Price Limit / Circuit

Source: CME Group

The above information was derived from sources believed to be reliable and accurate. It is provided without guarantees and is subject change without notice.

Since 2001, Insignia Futures & Options has been providing commodity futures brokerage services to investors from all over the world.

Take the next step and open your futures trading account today…

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