Product Overview

What are WTI Crude Oil futures?

WTI Crude oil futures are the West Texas Intermediate, (WTI) or light sweet crude oil that is stored and distributed in Cushing, Oklahoma and has long been a benchmark for oil prices. 

Why would you want to trade WTI Crude Oil futures?

  1. Although Crude oil is often thought of as a commodity, it also has been considered a currency and economic barometer.
  2. Can be volatile, subject to swift price swings due to geopolitical, production and weather events.
  3. Allows traders to gain exposure in relatively straightforward manner compared to ETF counterparts.

How do you trade WTI Crude Oil futures?

Energy futures markets allow traders to hedge the risk they may carry in their equity portfolio or jump to opportunities triggered by economic, political or weather events.  

They offer instant exposure to the underlying commodity of your choice, whether it's crude oil, natural gas, gasoline or heating oil.

Ready to get started trading futures?  You'll need to open an account with a broker. Click Here to View a Broker List

Contract Specifications


Contract Month

All

Trading Hours

5:00pm – 4:00pm (Sun–Fri) CT with a 60-minute break each day beginning at 4:00pm CT

Product

WTI Crude Oil

Contract Size

1,000 barrels

Trading Venue

CME offers electronic trading almost 24/6

Minimum Tick

$0.01 per barrel

Product Symbol

CL

Dollar Value of One Tick

$10.00 U.S. Dollars

Options Available

Quarterly, Monthly, Weekly

Notional Value

Exchange Rulebook

NYMEX 200

Price Limit or Circuit

Price Limits

Settlement Method

Deliverable

Termination of Trading

Trading terminates 3 business day prior to the 25th calendar day of the month prior to the contract month. If the 25th calendar day is not a business day

Contract Specifications


Product Name

WTI Crude Oil

Options Expirations

Monthly, Weekly

Options Symbol

Monthly - LO <br>Weekly - LO1-LO5

Trading Venue

Globex

Trading Hours

5:00pm – 4:00pm (Sun–Fri) CT with a 60-minute break each day beginning at 4:00pm CT

Type Of Expiration

American and European

Minimum Tick Size

$0.01 per barrel

WTI Crude Oil CL Price

Open
High
Low
Change
% Change
Volume
( )
Last Trade as of CST. 10 Minutes Delayed Quote. Powered by CQG

Futures Calendar

20 AUG Last Trade
CRUDE OIL
CLU20
24 AUG First Notice
CRUDE OIL
CLU20
24 AUG Last Notice
CRUDE OIL
CLU20
Price Action Alerts Source Redsky Markets