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Crude Oil 2 Year MidCurve Options Contract Specs

    Effective Tuesday, January 2, 2018 (pending CFTC review) NYMEX will amend the contract specifications of the Light Sweet Crude Oil Futures contract (WTI Crude Oil) (Chapter: 200; Commodity Code: CL) commencing with the January 2019 contract month and beyond.  Please see SER 8050 dated December 14, 2017 for more details.

Options
Contract Unit 1,000 barrels
Minimum Price Fluctuation $0.01 per barrel
Price Quotation Dollars and cents per barrel
Trading Hours Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Product Code CME Globex: LM2
CME ClearPort: LM2
Clearing: LM2
Listed Contracts Monthly contracts listed in the June and Dec serials 1, 2, 3, 4, and 5 years out
Termination Of Trading Trading terminates on the 3rd business day before the last trade date of the underlying (June & Dec) contract months.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 468
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures  Strike Price Listing Procedures Table
Exercise Style American
Settlement Method Deliverable
Underlying Light Sweet Crude Oil Futures

Welcome to WTI Crude Oil Futures

Whether you are a new trader looking to get started in futures, or an experienced trader looking for a better way to hedge crude oil, NYMEX WTI Light Sweet Crude Oil futures are the most efficient way to trade today’s global oil markets.

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