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Crude Oil Last Day Financial Futures Contract Specs

Contract Unit 1,000 barrels
Price Quotation U.S. dollars and cents per barrel
Trading Hours Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Minimum Price Fluctuation 0.01 per barrel = $10.00
Product Code CME Globex: 26
CME ClearPort: 26
Clearing: 26
Listed Contracts Monthly contracts listed for the current year and the next 5 calendar years. Add monthly contracts for a new calendar year following the termination of trading in the December contract of the current year. Additionally, list June and December contract months for years 7 - 9.
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month shall be equal to the NYMEX Light “Sweet” Crude Oil Futures first nearby contract settlement price on the last trading day for the contract month.
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 of the month is not a business day, trading terminates 3 business day prior to the business day preceding the twenty-fifth calendar day.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 828
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing