Gain direct exposure to the crude oil market using NYMEX West Texas Intermediate (WTI) Crude Oil futures, the world’s most liquid oil contract. WTI Crude Oil futures are the most efficient way to trade the light, sweet crude oil blend after a sharp rise in US crude oil production. Hedge to minimize the impact of potentially adverse price moves on the value of oil-related assets, or speculate to express your views on oil price movements.
Nearly 1.2 million contracts trade daily, with 2 million+ in open interest.
WTI is the go-to measure of world’s oil prices due to the rise in US production, Asian usage and liftoff of US export ban.
Trade with other NYMEX oil contracts for significant savings and precise exposure.
NYMEX WTI is closely connected to the spot market, reducing costs.
Enjoy 60% long term, 40% short term treatment on capital gains.
Control a large contract value with a small amount of capital. Used properly, futures are a powerful way to increase capital efficiency and exposure.
US Dollars and cents per barrel
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To support the transition to a greener energy market for transportation fuels, CME Group’s NYMEX is now offering four futures contracts for Used Cooking Oil (UCO) and Used Cooking Oil Methyl Ester (UCOME).
Spread NYMEX WTI with other liquid NYMEX energy benchmarks to easily capture inherent price relationships, and get cross-margin savings, operational efficiencies and lower costs.
Gasoline and diesel prices are impacted by crude oil price changes, and can be traded with this spread.
Crude oil costs account for 56% of the average price of a gallon of heating oil—trade this relationship with this spread.
North Sea Brent is the second traded crude blend after WTI. Trade the spread between these two crudes at NYMEX for increased efficiency.
Trade the relationship between light sweet (WTI) and “sour” crude (DME Oman crude), used primarily in Asia.
Released on Wednesdays, EIA reports track US crude inventories levels stored for future use.
Released on Tuesdays, API reports track total US and regional inventories and refinery operations data.
When the 14 top exporting countries gather for OPEC meetings, the oil markets listen.
These reports track use vs. capacity for available oil refineries.
GDP reports track the health of the US economy, and in turn, consumer demand for gasoline.
Cheaper natural gas affects oil demand as a viable energy alternative.
Weather can impact major production sites and pipelines.
Events such as war, financial crises and elections can affect oil policy and costs.
Updates to policy can dramatically impact world oil supply—and in turn, prices.
If you're new to futures, the courses below can help you quickly understand the Crude Oil market and start trading.
Connect with a member of our expert Energy team for more information about our products.