-
Trading
Product Groups
Getting Started
-
-
- Active Trader Daily market data and insight for the Individual Active Trader
-
-
-
- QuikStrike Tools Build and refine trading strategies with free analytics tools.
-
Get started in the FX markets with EBS.
Connect to the leading fixed income platforms, analytics and more.
-
-
Clearing
-
-
Margin Services
- Try our new interactive margin calculator and evaluate initial margin requirements
-
-
Data
Intraday Data
Services
Subscription Based Data
-
-
- MDP (Streaming) Access our market data directly via our Market Data Platform
-
-
-
- E-Quotes Offering charting, analytics, real-time quotes and news on our products
-
-
-
- CME DataMine (Historical) Comprehensive historical price information available on select CME Group contracts
-
-
-
Education
Learn why traders use futures, how to trade futures, and what steps you should take to get started.
LOOP Crude Oil Storage Futures Contract Specs
| Contract Unit | 1,000 barrels | ||||
| Price Quotation | $0.001/Barrel | ||||
| Trading Hours | CME Globex: | 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) | CME ClearPort: | 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) | |
| Minimum Price Fluctuation | $0.001 per barrel | ||||
| Product Code | CME Globex: LPSCME ClearPort: LPSClearing: LPS | ||||
| Listed Contracts | Monthly contracts listed for 15 consecutive months | ||||
| Settlement Method | Deliverable | ||||
| Termination Of Trading | Trading shall cease on the third business day prior to the twenty-fifth calendar day of the month preceding the delivery month. If the twenty-fifth calendar day of the month is a non-business day, trading shall cease on the third business day prior to the last business day preceding the twenty-fifth calendar day. | ||||
| Settlement Procedures | Physical | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 210 | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
| Delivery Procedure | The seller shall provide the buyer with a Capacity Allocation Contract (CAC) which allows for the legal right to store crude oil for a calendar month at the LOOP LLC storage facility in Louisiana. | ||||
Quick Links
Other Energy Products
Tools
- Interactive Expiration Calendar
- Open Interest Tool
- CFTC Traders Tool
- QuikStrike Pricing and Analysis
Related
Essentials
Contact Us
CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.
Contact Us
View AllCME Group / Chicago HQ
Phone: +1 312 930 1000
Toll Free (US Only): +1 866 716 7274
