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Western Canadian Select (WCS) Crude Oil 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: WCE
CME ClearPort: WCE
Clearing: WCE
Listed Contracts 24 consecutive months
Settlement Method Deliverable
Floating Price This contract will be listed and traded as a differential until expiration at which time it will then settle as an outright price with the WTI calendar month average as the underlying value.
Termination Of Trading Trading shall cease one Canadian business day prior to the Notice of Shipments (NOS) date on the Enbridge Pipeline. The NOS date occurs on or about the 20th calendar day of the month, subject to confirmation by Enbridge Pipeline. The official schedule for the NOS dates will be made publicly available by Enbridge Pipeline prior to the start of each year.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1108
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing