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Light Sweet Crude Oil (WTI) Financial 1 Month Spread 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: B7A
CME ClearPort: 7A
Clearing: 7A
Listed Contracts 1-Month spreads listed for the current year and next 5 calendar years. List 1-Month spreads for a new calendar year following the termination of trading in the December spread of the current year.   
Termination Of Trading Trading terminates on the business day prior to the termination of trading in the first leg of the underlying spread.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 397
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 Crude Oil Financial 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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