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Crude Oil 4 Year MidCurve Option Contract Specs

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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: LM4
CME ClearPort: LM4
Clearing: LM4
Listed Contracts Monthly contracts listed for the 2 nearest June and 2 nearest December contract months. The underlying for each contract month is 48 months into the future.
Termination Of Trading Trading terminates on the 7th business day before the 26th calendar day of the month prior to the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 468
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures  Strike Price Listing 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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