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Daily Crude Oil Option 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. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Product Code CME Globex: ICD
CME ClearPort: CD
Clearing: CD
Listed Contracts Daily contract listed for 1 day.
Termination Of Trading Trading terminates  at the close of the business day that it was initially listed on..
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 833
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strike Price Listing and Exercise Procedures Table
Exercise Style European
Settlement Method Financially Settled
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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