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Western Canadian Select (WCS) Crude Oil Futures Contract Specs

Contract Unit 1,000 barrels
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)
Minimum Price Fluctuation 0.01 per barrel = $10.00
Product Code CME Globex: WCE
CME ClearPort: WCE
Clearing: WCE
Listed Contracts Monthly contracts listed for 24 consecutive months
Settlement Method Deliverable
Floating Price This contract will be listed and traded as a differential until expiration at which time it will then settle as an outright price with the WTI calendar month average as the underlying value.
Termination Of Trading Trading terminates 1 Canadian business day prior to the Notice of Shipments (NOS) date on the Enbridge Pipeline. The NOS date occurs on or about the 20th calendar day of the month prior to the contract month. Enbridge publishes the official NOS dates.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1108
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing