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Crude Oil 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: WS
CME ClearPort: WS
Clearing: WS
Listed Contracts Nine 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. Additional months will be added on an annual basis after the December contract expires, so that an additional June and December contract would be added nine years forward, and the consecutive months in the sixth calendar year will be filled in
Settlement Method Financially Settled
Floating Price The Floating Price is equal to the NYMEX Light Sweet Crude Oil Futures 1st nearby contract settlement price on the penultimate trading day for the delivery month.
Termination Of Trading Trading shall cease one business day prior to the termination date of the NYMEX Light Sweet Crude Oil Futures Contract for the delivery month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 691
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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