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Western Canadian Select (WCS) Crude Oil Futures Contract Specs

Product Symbol WCE
Venue CME Globex, CME ClearPort, Open Outcry (New York)
Hours
(All Times are New York Time/ET)
CME Globex and CME ClearPort: Sunday - Friday 6:00 p.m. - 5:15 p.m 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 ET (4:15 p.m. CT)
Open Outcry: Monday – Friday 9:00 AM to 2:30 PM (8:00 AM to 1:30 PM CT)
Contract Unit 1,000 barrels
Price Quotation U.S. dollars and cents per barrel
Minimum Fluctuation $0.01 per barrel
Last Trading Day 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.
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.
Listed Contracts 24 consecutive months
Settlement Type Physical
Position Limits NYMEX Position Limits
Rulebook Chapter 1108
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.