WCS Cushing (Argus) vs. WTI Calendar Month
Futures and Options
WCS Cushing (Argus) vs. WTI Calendar Month Futures - Contract Specs
| Contract Unit | 1,000 barrels |
|---|---|
| Price Quotation | U.S. dollars and cents per barrel |
| Trading Hours | Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET) |
| Minimum Price Fluctuation | 0.01 per barrel = $10.00 |
| Product Code | CME Globex: WNC CME ClearPort: WNC Clearing: WNC |
| Listed Contracts | Monthly contracts listed for the current year and the next 5 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year. |
| Settlement Method | Financially Settled |
| Floating Price | The Floating Price for each contract month is equal to the average of the Argus WCS Cushing Differential to the Calendar Month Average (CMA) NYMEX WTI price (weighted average) under the heading “WCS (Cushing) Diff to CMA NYMEX (wtd avg)” price from Argus Media for each business day that it is determined during the calendar month. |
| Termination of Trading | Trading terminates on the last business day of the contract month. |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Vendor Codes |
