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Light Sweet Crude Oil European Financial Option - Contract Specs
| Contract Unit | 1,000 barrels |
|---|---|
| Minimum Price Fluctuation | $.01 per barrel = $10.00 |
| 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) |
| Product Code | CME Globex: LCE CME ClearPort: LC Clearing: LC |
| Listed Contracts | Monthly contracts listed for the current year and the next 8 calendar years and 2 additional contract months. List monthly contracts for a new calendar year and 2 additional contract months following the termination of trading in the December contract of the current year. |
| Termination of Trading | Trading terminates 3 business days before the corresponding CL contract month or 6 business days before the 25th calendar of the month prior to the contract month. If the 25th calendar day is not a business day, trading terminates 7 business days before the 25th calendar day of the month prior to the contract month. |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Vendor Codes | |
| Strike Prices Strike Price Interval | |
| Settlement Method | Financially Settled |
| Underlying | Light Sweet Crude Oil Futures |
About Crude Oil
Trade NYMEX WTI Crude Oil futures (CL), the world’s most liquid crude oil contract. When traders need the current oil price, they check the WTI Crude Oil price. WTI (West Texas Intermediate, a US light sweet crude oil blend) futures provide direct crude oil exposure and are the most efficient way to trade oil after a sharp rise in US crude oil production.
Use WTI Crude Oil futures to hedge against adverse oil price moves or speculate on whether WTI oil prices will rise or fall. Our diverse WTI futures and options suite provides more flexibility to trade oil with WTI Crude Oil price discovery. View delayed WTI Oil prices and WTI Oil price charts below.
