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E-mini Crude Oil Futures Contract Specs

Contract Unit 500 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 0.025 per barrel = $12.50
Product Code CME Globex: QM
CME ClearPort: QM
Clearing: QM
Listed Contracts Monthly contracts listed for the current year and the next 5 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month will be equal to the Light Sweet Crude Oil Futures contract final settlement price for the corresponding contract month on the last trading day for the E-mini Crude Oil Futures contract month.
Termination Of Trading Trading terminates 4 business days prior to the 25th calendar day of the month prior to the contract month (1 business day prior to the termination of trading in Light Sweet Crude Oil Futures).
Settlement Procedures E-mini Crude Oil Settlement Procedures
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX Rulebook Chapter 401
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing