Light Sweet Crude Oil (WTI) Futures and Options

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NYMEX WTI (CL), the world’s most liquid crude oil benchmark, provides access to global crude oil pricing with the most diverse set of futures and options contracts. With WTI now firmly reconnected to global energy markets, open interest continues to grow as customers hedge their oil market risk.

Product Last Change Chart Globex Vol
52.21 +0.10 Show Price Chart 495,854

WTI & the Changing Dynamics of Global Crude Oil

By Elizabeth Hui, Paul Wightman and Dan Brusstar
Report Highlights:

  • U.S. crude oil production proves resilient
  • Increasing U.S. exports
  • Expanding crude oil infrastructure in Gulf Coast
  • WTI futures volumes outpace Brent
  • Brent production in decline

Key Benefits

Most Liquid Benchmark

NYMEX WTI Crude Oil futures (CL) are the world’s most liquid energy futures contract, with average daily volume of over 1.3 million in June 2017 and open interest of over 2 million contracts.

Deep Options Liquidity

WTI Crude Oil options (LO) boast average daily volume of over 140,000 in June 2017 with 77% traded electronically and an open interest of over 2.9 million contracts.

Precise Hedging

WTI Weekly options (LO1-LO5) give you the precision to manage short-term volatility and event risk at a lower premium. Average daily volume is up over 400% to over 3,000 in June 2017 from 2016 and average open interest is almost 8,000. 

An Option to Fit Any Need

Choose the option that best fits your strategy/risk profile with an extensive slate of options on WTI futures,  including American-style, European-style, monthly, weekly, daily, calendar spread, inter-commodity spread, average price, and futures strip options.

Globex ClearPort Product Name Exchange Volume Open Interest
LO LO Crude Oil Options NYMEX 191,459 2,787,802
LO1 LO1 Crude Oil Weekly Options Wk 1 NYMEX 21 76
LO2 LO2 Crude Oil Weekly Options Wk 2 NYMEX 23 23
LO3 LO3 Crude Oil Weekly Options Wk 3 NYMEX 1,267 4,923
LO4 LO4 Crude Oil Weekly Options Wk 4 NYMEX 671 1,599
LO5 LO5 Crude Oil Weekly Options Wk 5 NYMEX 0 0
B7A 7A Light Sweet Crude Oil (WTI) Financial 1 Month Spread Options NYMEX 1,200 287,974
LCE LC Light Sweet Crude Oil European Financial Option NYMEX 0 59,308
WJO WJO LLS (Argus) vs. WTI Crude Oil Average Price Option NYMEX 0 3,225
WJO WJO LLS (Argus) vs. WTI Crude Oil Average Price Option NYMEX 0 3,225
AAO AO WTI Average Price Options NYMEX 154 394,457
WAY WA WTI Crude Oil 1 Month Calendar Spread Options NYMEX 9,550 593,565
ABV BV WTI-Brent Crude Oil Spread Options NYMEX 11,415 218,353
Trade Date: 17 Oct 2017 | FINAL

Get Started with Energy Futures

As you look to add liquid and actively-traded contracts to your portfolio, NYMEX WTI Light Sweet Crude Oil futures lead the charge for benchmark, efficient risk management opportunities in today's global oil markets. Understanding the nuances of WTI Crude Oil futures can help you to more accurately manage your risk and benefits from these liquid markets. 

 Introduction to Crude Oil

 Discover WTI: A Global Benchmark

 Understanding Crude Oil in the United States 

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