American Options1 Month Calendar Spread Option1 Year Mid-Curve Options2 Month Calendar Spread Option2 Year Mid-Curve Options3 Month Calendar Spread Option3 Year Mid-Curve Options4 Year Mid-Curve Options5 Year Mid-Curve Options6 Month Calendar Spread Option12 Month Calendar Spread OptionDaily 1 Month Calendar Spread OptionDaily OptionsEuropean OptionsFinancial 1 Month Spread OptionsFinancial 2 Month Spread OptionsFinancial 3 Month Spread OptionsFinancial 6 Month Spread OptionsFinancial 12 Month Spread OptionsSpread OptionsWeekly Monday OptionWeekly Tuesday OptionWeekly Wednesday OptionWeekly Thursday OptionWeekly Friday Option
Crude Oil 5 Year MidCurve Option - Contract Specs
| Contract Unit | 1,000 barrels |
|---|---|
| Minimum Price Fluctuation | 0.01 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: LM5 CME ClearPort: LM5 Clearing: LM5 |
| Listed Contracts | Monthly contracts listed for the 2 nearest June and 2 nearest December contract months. The underlying for each contract month is 60 months into the future. |
| Termination of Trading | Trading terminates on the 7th business day before the 26th calendar day of the month prior to the contract month. |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Vendor Codes | |
| Strike Prices Strike Price Interval | |
| Exercise Style | American |
| Settlement Method | Deliverable |
| 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.
