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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: QMCME ClearPort: QMClearing: 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 5 business days prior to the 26th calendar of the month prior to the contract month. | ||||
| 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 | Trading halts and price limits for this contract are subject to the provisions governing Special Price Fluctuation Limits for NYMEX Light Sweet Crude Oil Futures contract set forth in Chapter 200. | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
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CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.
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Phone: +1 312 930 1000
Toll Free (US Only): +1 866 716 7274
