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Crude Oil Weekly Options Contract Specs

    Effective as of March 19, 2020 and until further notice, NYMEX increased the dynamic circuit breakers of CL, QM, WS, BZ and all Associated Products. See SER 8566 for additional information.

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: LO1,LO2,LO3,LO4,LO5
CME ClearPort: LO1,LO2,LO3,LO4,LO5
Clearing: LO1,LO2,LO3,LO4,LO5
Listed Contracts Weekly contracts listed for 4 consecutive weeks.
No weekly contract listed the week of the monthly expiration.
Termination Of Trading Trading terminates on Friday of the contract week.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1011
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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