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E-mini Crude Oil Futures Contract Specs

Contract Unit 500 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 $0.025 per barrel
Product Code CME Globex: QM
CME ClearPort: QM
Clearing: QM
Listed Contracts Current year and 5 calendar years
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month will be equal to the Light Sweet Crude Oil Futures contract final settlement price for the corresponding contract month on the last trading day for the E-mini Crude Oil Futures contract month.
Termination Of Trading Trading in the current delivery month shall cease on the business day immediately preceding to the last day of trading in the current delivery month of the NYMEX Light Sweet Crude Oil futures contract.
Settlement Procedures E-mini Crude Oil Settlement Procedures
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX Rulebook Chapter 401
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Trading halts and price limits for this contract are subject to the provisions governing Special Price Fluctuation Limits for NYMEX Light Sweet Crude Oil Futures contract set forth in Chapter 200.
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