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WCS Houston (Argus) vs. WTI Calendar Month Futures Contract Specs

Contract Unit 1,000 barrels
Price Quotation U.S. dollars and cents per barrel
Trading Hours Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET)
Minimum Price Fluctuation 0.01 per barrel = $10.00
Product Code CME Globex: WCH
CME ClearPort: WCH
Clearing: WCH
Listed Contracts Monthly contracts listed for the current year and the next 3 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the average of the Argus WCS Houston Differential to the Calendar Month Average (CMA) NYMEX WTI price (weighted average) under the heading “WCS Houston Diff to CMA NYMEX (wtd avg)” price from Argus Media for each business day during the contract month.
Termination Of Trading Trading terminates on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1289
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing