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Crude Oil Options Contract Specs

Options
Contract Unit 1,000 barrels
Minimum Price Fluctuation 0.01 per barrel = $10.00
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)
Product Code CME Globex: LO
CME ClearPort: LO
Clearing: LO
Listed Contracts Monthly contracts listed for the current year and the next 10 calendar years and 2 additional contract months.  List monthly contracts for a new calendar year and 2 additional contract months following the termination of trading in the December contract of the current year.
Termination Of Trading Trading terminates 7 business days before the 26th calendar of the month prior to the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 310
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strike Price Listing and Exercise Procedures Table
Exercise Style American
Settlement Method Deliverable
Underlying Light Sweet Crude Oil Futures

Welcome to WTI Crude Oil Futures

Whether you are a new trader looking to get started in futures, or an experienced trader looking for a better way to hedge crude oil, NYMEX WTI Light Sweet Crude Oil futures are the most efficient way to trade today’s global oil markets.

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