North America Crude and Refined Futures and Options

NYMEX North American Crude Futures and Options

Access forward-curve liquidity across a broad product slate of crude oil futures and options covering key locations and crude grades. Trade North American crude oil grades as differentials to our benchmark WTI Light Sweet Crude (CL), Brent (BZ), or as outright prices.

Features and benefits

Comprehensive product slate
Trade Crude Oil futures, options, and spreads over 10 different grades of light, medium, and heavy crude oils.  Choose from Trade Month, Calendar Month, and Balance of Month (BALMO) structures.

Diverse geographic exposure
Get exposure to Gulf Coast, Permian, Louisiana, and Cushing pricing hubs. The futures are settled to the widely used Argus physical crude oil price assessments.

Forward curve liquidity
Trade WTI Houston (Argus) futures vs. WTI Trade Month futures, which offer the best liquidity for Gulf Coast price exposure in the front months and several calendar years forward. 

Capital efficiencies
Maximize capital efficiencies through margin offsets and streamlined operations of managing crude exposure in a single marketplace, through the same clearinghouse.

Resources

Argus Crude Oil futures contracts

Precision Hedging for Gulf Coast Crude Oil

Argus Crude Market Ticker on CME Direct

Growing Relevance of U.S. Domestic Crude Oil Grades

Contact Us

For product-related questions, please contact:

energy@cmegroup.com

For technical support, please contact Global Command Center.
U.S.: +1 800 438 8616
Europe: +44 20 7623 4747
Asia: +65 6532 5010

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Clearing	Globex	Floor	ClearPort	Product Name	Exchange	Product Group	Subgroup	Category	Subcategory	Cleared As	Volume	Open Interest
HTT	HTT	-	HTT	WTI Houston (Argus) vs. WTI Trade Month Futures	NYMEX	Energy	Crude Oil	North American	Spreads	Futures	17,180	426,954
WTT	WTT	-	WTT	WTI Midland (Argus) vs. WTI Trade Month Futures	NYMEX	Energy	Crude Oil	North American	Spreads	Futures	12,276	298,585
FF	AFF	-	FF	WTI Midland (Argus) vs. WTI Financial Futures	NYMEX	Energy	Crude Oil	North American	Spreads	Futures	0	8,618
HTB	HTB	-	HTB	WTI Houston (Argus) vs. WTI Trade Month BALMO Futures	NYMEX	Energy	Crude Oil	North American	Spreads	Futures	750	5,650
WTO	WTO	-	WTO	WTI Midland (Argus) vs. WTI Trade Month Average Price Option	NYMEX	Energy	Crude Oil	North American	Spreads	Options	0	4,370
HIL	HIL	-	HIL	WTI Houston (Argus) vs. WTI Financial Futures	NYMEX	Energy	Crude Oil	North American	Spreads	Futures	0	60
WTI	WTI	-	WTI	WTI Midland (Argus) Trade Month Futures	NYMEX	Energy	Crude Oil	North American	Outrights	Futures	0	0
HTA	HTA	-	HTA	WTI Houston (Argus) Trade Month Futures	NYMEX	Energy	Crude Oil	North American	Outrights	Futures	0	0
HIB	HIB	-	HIB	WTI Houston (Argus) vs. WTI BALMO Futures	NYMEX	Energy	Crude Oil	North American	Spreads	Futures	0	0
WHB	WHB	-	WHB	WTI Houston (Argus) vs. Brent Trade Month Futures	NYMEX	Energy	Crude Oil	Arb	Spreads	Futures	0	0
WMR	WMR	-	WMR	WTI Midland (Argus) vs. Brent Calendar Month Futures	NYMEX	Energy	Crude Oil	Arb	Spreads	Futures	0	0
WBR	WBR	-	WBR	WTI Houston (Argus) vs. Brent Calendar Month Futures	NYMEX	Energy	Crude Oil	Arb	Spreads	Futures	0	0
WMB	WMB	-	WMB	WTI Midland (Argus) vs. Brent Trade Month Futures	NYMEX	Energy	Crude Oil	Arb	Spreads	Futures	0	0
WTB	WTB	-	WTB	WTI Midland (Argus) vs. WTI Trade Month BALMO Futures	NYMEX	Energy	Crude Oil	North American	Outrights	Futures	0	0
HIA	HIA	-	HIA	WTI Houston (Argus) Financial Futures	NYMEX	Energy	Crude Oil	North American	Outrights	Futures	0	0
HIO	HIO	-	HIO	WTI Houston (Argus) vs. WTI Calendar Month Average Price Option	NYMEX	Energy	Crude Oil	North American	Spreads	Options	0	0
FFO	FFO	-	FFO	WTI Midland (Argus) vs. WTI Calendar Month Average Price Option	NYMEX	Energy	Crude Oil	North American	Spreads	Options	0	0
XB	AXB	-	XB	WTI Midland (Argus) Financial Futures	NYMEX	Energy	Crude Oil	North American	Outrights	Futures	0	0
HTO	HTO	-	HTO	WTI Houston (Argus) vs. WTI Trade Month Average Price Option	NYMEX	Energy	Crude Oil	North American	Spreads	Options	0	0
FFB	FFB	-	FFB	WTI Midland (Argus) vs. WTI Financial BALMO Futures	NYMEX	Energy	Crude Oil	North American	Outrights	Futures	0	0

Trade Date: 01 Apr 2025 | FINAL

Clearing	Globex	Floor	ClearPort	Product Name	Exchange	Product Group	Subgroup	Category	Subcategory	Cleared As	Open Interest
ANT	ANT	-	ANT	Argus WTI Diff vs. CMA NYMEX Trade Month Futures	NYMEX	Energy	Crude Oil	North American	Spreads	Futures	1,140
BKT	BKT	-	BKT	Bakken Cushing (Argus) vs. WTI Trade Month Futures	NYMEX	Energy	Crude Oil	North American	Outrights	Futures	200
V7	V7	-	V7	Argus WTI Trade Month Futures	NYMEX	Energy	Crude Oil	North American	Outrights	Futures	0
WNT	WNT	-	WNT	WCS Cushing (Argus) vs. WTI Trade Month Futures	NYMEX	Energy	Crude Oil	North American	Spreads	Futures	0
WNC	WNC	-	WNC	WCS Cushing (Argus) vs. WTI Calendar Month Futures	NYMEX	Energy	Crude Oil	North American	Spreads	Futures	0
WAO	WAO	-	WAO	WCS Cushing (Argus) vs. WTI Calendar Month Average Price Option	NYMEX	Energy	Crude Oil	North American	Spreads	Options	0
WNO	WNO	-	WNO	WCS Cushing (Argus) vs. WTI Trade Month Average Price Option	NYMEX	Energy	Crude Oil	North American	Spreads	Options	0
BKF	BKF	-	BKF	Bakken Cushing (Argus) vs. WTI Financial Futures	NYMEX	Energy	Crude Oil	North American	Outrights	Futures	0

Clearing	Globex	Floor	ClearPort	Product Name	Exchange	Product Group	Subgroup	Category	Subcategory	Cleared As	Volume	Open Interest
WTT	WTT	-	WTT	WTI Midland (Argus) vs. WTI Trade Month Futures	NYMEX	Energy	Crude Oil	North American	Spreads	Futures	12,276	298,585
FF	AFF	-	FF	WTI Midland (Argus) vs. WTI Financial Futures	NYMEX	Energy	Crude Oil	North American	Spreads	Futures	0	8,618
WTO	WTO	-	WTO	WTI Midland (Argus) vs. WTI Trade Month Average Price Option	NYMEX	Energy	Crude Oil	North American	Spreads	Options	0	4,370
WMR	WMR	-	WMR	WTI Midland (Argus) vs. Brent Calendar Month Futures	NYMEX	Energy	Crude Oil	Arb	Spreads	Futures	0	0
WTL	WTL	-	WTL	WTL Midland (Argus) vs. WTI Trade Month Futures	NYMEX	Energy	Crude Oil	North American	Spreads	Futures	0	0
TIL	TIL	-	TIL	WTL Midland (Argus) vs. WTI Calendar Month Futures	NYMEX	Energy	Crude Oil	North American	Spreads	Futures	0	0
WMB	WMB	-	WMB	WTI Midland (Argus) vs. Brent Trade Month Futures	NYMEX	Energy	Crude Oil	Arb	Spreads	Futures	0	0
WTB	WTB	-	WTB	WTI Midland (Argus) vs. WTI Trade Month BALMO Futures	NYMEX	Energy	Crude Oil	North American	Outrights	Futures	0	0
FFO	FFO	-	FFO	WTI Midland (Argus) vs. WTI Calendar Month Average Price Option	NYMEX	Energy	Crude Oil	North American	Spreads	Options	0	0
WTD	WTD	-	WTD	WTI Midland (Argus) vs. Dubai (Platts) Calendar Month Futures	NYMEX	Energy	Crude Oil	Arb	Spreads	Futures	0	0
FFB	FFB	-	FFB	WTI Midland (Argus) vs. WTI Financial BALMO Futures	NYMEX	Energy	Crude Oil	North American	Outrights	Futures	0	0

Clearing	Globex	Floor	ClearPort	Product Name	Exchange	Product Group	Subgroup	Category	Subcategory	Cleared As
WNT	WNT	-	WNT	WCS Cushing (Argus) vs. WTI Trade Month Futures	NYMEX	Energy	Crude Oil	North American	Spreads	Futures
WCH	WCH	-	WCH	WCS Houston (Argus) vs. WTI Calendar Month Futures	NYMEX	Energy	Crude Oil	North American	Spreads	Futures
WNC	WNC	-	WNC	WCS Cushing (Argus) vs. WTI Calendar Month Futures	NYMEX	Energy	Crude Oil	North American	Spreads	Futures
WAO	WAO	-	WAO	WCS Cushing (Argus) vs. WTI Calendar Month Average Price Option	NYMEX	Energy	Crude Oil	North American	Spreads	Options
WHT	WHT	-	WHT	WCS Houston (Argus) vs. WTI Trade Month Futures	NYMEX	Energy	Crude Oil	Arb	Spreads	Futures
WNO	WNO	-	WNO	WCS Cushing (Argus) vs. WTI Trade Month Average Price Option	NYMEX	Energy	Crude Oil	North American	Spreads	Options

Clearing	Globex	Floor	ClearPort	Product Name	Exchange	Product Group	Subgroup	Category	Subcategory	Cleared As	Volume	Open Interest
LO	LO	-	LO	Crude Oil Option	NYMEX	Energy	Crude Oil	North American	Outrights	Options	118,458	2,207,426
CL	CL	-	CL	Crude Oil Futures	NYMEX	Energy	Crude Oil	North American	Outrights	Futures	958,249	1,836,468
AO	AAO	-	AO	WTI Average Price Option	NYMEX	Energy	Crude Oil	North American	Outrights	Options	5,374	405,811
7A	B7A	-	7A	Crude Oil Financial Calendar Spread Option 1 Month	NYMEX	Energy	Crude Oil	North American	Outrights	Options	7,600	361,028
BK	BK	-	BK	WTI-Brent Financial Futures	NYMEX	Energy	Crude Oil	Arb	Spreads	Futures	2,050	151,287
WA	WAY	-	WA	WTI Crude Oil 1 Month Calendar Spread Option	NYMEX	Energy	Crude Oil	North American	Spreads	Options	0	138,025
CS	CSX	-	CS	WTI Financial Futures	NYMEX	Energy	Crude Oil	North American	Outrights	Futures	2,823	130,591
BV	ABV	-	BV	WTI-Brent Crude Oil Spread Option	NYMEX	Energy	Crude Oil	Arb	Spreads	Options	0	106,580
LC	LCE	-	LC	Light Sweet Crude Oil European Financial Option	NYMEX	Energy	Crude Oil	North American	Outrights	Options	700	82,014
LO1	LO1	-	LO1	Crude Oil Friday Weekly Option - Week 1	NYMEX	Energy	Crude Oil	North American	Outrights	Options	5,793	21,931

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NYMEX North American Crude Futures and Options

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