Light Sweet Crude Oil (WTI) Futures and Options

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NYMEX WTI (CL), the world’s most liquid crude oil benchmark, provides access to global crude oil pricing with the most diverse set of futures and options contracts. With WTI now firmly reconnected to global energy markets, open interest continues to grow as customers hedge their oil market risk.

WTI Crude Oil

Product	Last	Change	Chart	Globex Vol

WTI Specification Change

WTI Specification Highlights:

In response to changes in the physical industry, and to ensure the continued high quality and integrity of the domestic light sweet crude oil that is being delivered against our NYMEX WTI futures contracts, we will add five additional testing parameters to our WTI futures contract specifications beginning with the January 2019 contract month.

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Key Benefits

Most Liquid Benchmark
Deep Options Liquidity
Precise Hedging
An Option to Fit Any Need

Most Liquid Benchmark

NYMEX WTI Crude Oil futures (CL) has firmly established itself as the global crude benchmark with average daily volume of 1.41 million in May 2018 and open interest of over 2.66 million contracts.

Deep Options Liquidity

WTI Crude Oil options (LO) has traded over 80% on-screen for 11 consecutive months.

Futures Trends

Find liquidity while trading WTI crude oil futures (CL) during extended trading hours. Average daily volume is up 23% to over 260K in May 2018 from 2017.

An Option to Fit Any Need

Choose the option that best fits your strategy/risk profile with an extensive slate of options on WTI futures, including American-style, European-style, monthly, weekly, daily, calendar spread, inter-commodity spread, average price, and futures strip options.

Globex	ClearPort	Product Name	Exchange	Volume	Open Interest
LO	LO	Crude Oil Options	NYMEX	154,647	3,212,863
LO1	LO1	Crude Oil Weekly Options Wk 1	NYMEX	8	145
LO2	LO2	Crude Oil Weekly Options Wk 2	NYMEX	2,781	0
LO3	LO3	Crude Oil Weekly Options Wk 3	NYMEX	393	2,114
LO4	LO4	Crude Oil Weekly Options Wk 4	NYMEX	116	441
LO5	LO5	Crude Oil Weekly Options Wk 5	NYMEX	0	0
B7A	7A	Light Sweet Crude Oil (WTI) Financial 1 Month Spread Options	NYMEX	1,100	157,325
LCE	LC	Light Sweet Crude Oil European Financial Option	NYMEX	0	43,009
WJO	WJO	LLS (Argus) vs. WTI Crude Oil Average Price Option	NYMEX	0	1,800
AAO	AO	WTI Average Price Options	NYMEX	0	457,570
WAY	WA	WTI Crude Oil 1 Month Calendar Spread Options	NYMEX	1,700	502,475
ABV	BV	WTI-Brent Crude Oil Spread Options	NYMEX	1,300	222,736

Trade Date: 13 Jul 2018 | PRELIMINARY

Get Started with Energy Futures

As you look to add liquid and actively-traded contracts to your portfolio, NYMEX WTI Light Sweet Crude Oil futures lead the charge for benchmark, efficient risk management opportunities in today's global oil markets. Understanding the nuances of WTI Crude Oil futures can help you to more accurately manage your risk and benefits from these liquid markets.

Introduction to Crude Oil

Discover WTI: A Global Benchmark

Understanding Crude Oil in the United States

WTI Crude Grade Futures

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