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Crude Oil Last Day Financial Futures Contract Specs

Contract Unit 1,000 barrels
Price Quotation U.S. Dollars and Cents per barrel
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (5:00 p.m. - 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
CME ClearPort: Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (5:00 p.m. - 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
Minimum Price Fluctuation $0.01 per barrel
Product Code CME Globex: 26
CME ClearPort: 26
Clearing: 26
Listed Contracts 9 years forward using the following listing schedule: consecutive months are listed for the current year and the next five years; in addition, the June and December contract months are listed beyond the sixth year. 
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month shall be equal to the NYMEX Light “Sweet” Crude Oil Futures first nearby contract settlement price on the last trading day for the contract month.
Termination Of Trading Trading in the current contract month shall cease on the third business day prior to the twenty-fifth calendar day of the month preceding the contract month. If the twenty-fifth calendar day of the month is a non-business day, trading shall cease on the third business day prior to the last business day preceding the twenty-fifth calendar day.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 828
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing