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
54.02 -0.43 Show Price Chart 380,095

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 nearly 1.1 million and open interest of over 2 million contracts.

Deep Options Liquidity

WTI Crude Oil options (LO) boast average daily volume of over 180,000 contracts, with 75% traded electronically, and open interest of ~2.8 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 62% in 2016, and open interest is at an all-time high.

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 91,359 2,441,982
LO1 LO1 Crude Oil Weekly Options Wk 1 NYMEX 1,270 4,638
LO2 LO2 Crude Oil Weekly Options Wk 2 NYMEX 30 901
LO3 LO3 Crude Oil Weekly Options Wk 3 NYMEX 17 42
LO4 LO4 Crude Oil Weekly Options Wk 4 NYMEX 1,616 0
LO5 LO5 Crude Oil Weekly Options Wk 5 NYMEX 0 0
B7A 7A Light Sweet Crude Oil (WTI) Financial 1 Month Spread Options NYMEX 0 318,234
LCE LC Light Sweet Crude Oil European Financial Option NYMEX 0 76,072
WJO WJO LLS (Argus) vs. WTI Crude Oil Average Price Option NYMEX 0 4,400
WJO WJO LLS (Argus) vs. WTI Crude Oil Average Price Option NYMEX 0 4,400
AAO AO WTI Average Price Options NYMEX 4,425 330,683
WAY WA WTI Crude Oil 1 Month Calendar Spread Options NYMEX 1,900 728,360
ABV BV WTI-Brent Crude Oil Spread Options NYMEX 2,517 162,035
Trade Date: 24 Feb 2017 | PRELIMINARY

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