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 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.
For More Information:
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 Option||NYMEX||204,753||1,971,145|
|LO1||LO1||Crude Oil Weekly Options - Week 1||NYMEX||1,566||0|
|LO2||LO2||Crude Oil Weekly Options - Week 2||NYMEX||1,541||2,448|
|LO3||LO3||Crude Oil Weekly Options - Week 3||NYMEX||129||273|
|LO4||LO4||Crude Oil Weekly Options - Week 4||NYMEX||2||9|
|LO5||LO5||Crude Oil Weekly Options - Week 5||NYMEX||0||0|
|WJO||WJO||LLS (Argus) vs. WTI Crude Oil Average Price Option||NYMEX||0||0|
|B7A||7A||Light Sweet Crude Oil (WTI) Financial 1 Month Spread Option||NYMEX||9,000||218,875|
|LCE||LC||Light Sweet Crude Oil European Financial Option||NYMEX||1,080||20,934|
|AAO||AO||WTI Average Price Option||NYMEX||20,042||271,914|
|WAY||WA||WTI Crude Oil 1 Month Calendar Spread Option||NYMEX||7,820||455,985|
|ABV||BV||WTI-Brent Crude Oil Spread Option||NYMEX||0||203,695|
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.