QUOTE AND NEWS
MarketWatch  Aug 19  Comment 
Oil futures extend slide, with Nymex WTI futures ending at their lowest level since January.
The Hindu Business Line  Aug 19  Comment 
Crude oil futures recovered 0.5 per cent to Rs 5,873 per barrel today as speculators created positions amid a rebound in Asian trade after tumbling on easing concerns over conflicts in Ukraine and...
The Hindu Business Line  Aug 18  Comment 
Edible oils prices continued to decline on Monday tracking a sharp drop in futures markets amid slack physical demand. Malaysian palm oil and domestic soya oil futures extended loss on expe...
newratings.com  Aug 15  Comment 
WASHINGTON (dpa-AFX) - Crude oil futures were little changed Friday morning, paring only a fraction of this week's losses. Recent data has shown an upswing in crude oil supplies amid signs that global demand for energy products may...
Agrimoney.com  Aug 15  Comment 
Palm oil futures hit their lowest since late 2009 despite less dismal data on Malaysian exports. Soybean prices fall too, although grains hold firm
The Hindu Business Line  Aug 14  Comment 
The crude oil futures contract traded on the Multi Commodity Exchange has fallen sharply after recording a high of ₹6,065/barrel on last Friday. The inability to sustain above the ps...
MarketWatch  Aug 13  Comment 
U.S. oil supplies rose by 1.4 million barrels in the week ended Aug. 8, the Energy Information Administration said Wednesday. That contrasted with expectations of a fall by 2 million barrels, according to analysts surveyed by Platts. Supplies of...
Wall Street Journal  Aug 13  Comment 
Oil futures traded near flat ahead of weekly U.S. inventory data, which is expected to show that oil supplies fell but demand for crude oil also slipped as the summer-driving season nears its end.
The Hindu Business Line  Aug 13  Comment 
Crude oil futures fell 0.47 per cent to Rs 5,953 per barrel today as speculators trimmed positions amid a weak trend in Asian trade.On the Multi Commodity Exchange, crude oil for delivery i...
The Hindu Business Line  Aug 12  Comment 
Crude oil futures fell 0.28 per cent to Rs 5,994 per barrel today as speculators trimmed positions amid a weak trend in Asian trade.On the Multi Commodity Exchange, crude oil for delivery i...




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This article is about the specific futures contract. For the drivers of oil prices in general, see the commodity page on Oil.

Light Sweet Crude Oil futures are traded on the New York Mercantile Exchange under ticker symbol CL in U.S. dollars and cents per barrel.[1]

The chart at left shows front-month crude oil prices on the New York Mercantile Exchange (NYMEX) in U.S. dollars and cents per barrel.

Delivery Dates

Light Sweet Crude Oil futures are delivered every year in January, February, March, April, May, June, July, August, September, October, November and December (all months).[1]

The following is a table with Light, Sweet Crude futures delivery dates and resultant tickers for 2009. For an explanation on commodity tickers see commodity ticker construction.

Delivery Month Full Ticker Symbol Thomson-Reuters Symbol
January, 2009CLF9CL/F9-NM
February, 2009CLG9CL/G9-NM
March, 2009CLH9CL/H9-NM
April, 2009CLJ9CL/J9-NM
May, 2009CLK9CL/K9-NM
June, 2009CLM9CL/M9-NM
July, 2009CLN9CL/N9-NM
August, 2009CLQ9CL/Q9-NM
September, 2009CLU9CL/U9-NM
October, 2009CLV9CL/V9-NM
November, 2009CLX9CL/X9-NM
December, 2012CLZ2CL/Z2-NM

Contract Specifications

Contract Size

One Light, Sweet Crude Oil futures contract on the New York Mercantile Exchange is 1,000 U.S. barrels (42,000 gallons).[1]

Tick Value

$0.01 (1¢) per barrel ($10.00 per contract).[1]

Daily Price Limit

$10.00 per barrel ($10,000 per contract) for all months. If any contract is traded, bid, or offered at the limit for five minutes, trading is halted for five minutes. When trading resumes, the limit is expanded by $10.00 per barrel in either direction. If another halt were triggered, the market would continue to be expanded by $10.00 per barrel in either direction after each successive five-minute trading halt. There will be no maximum price fluctuation limits during any one trading session.[1]

Trading Hours

  • On the CME Globex electronic platform: 6:00 PM until 5:15 PM, Sunday through Friday with a 45-minute break each day between 5:15 PM (current trade date) and 6:00 PM (next trade date), New York Time.[1]
  • Open Outcry (pit session): 9:00 AM until 2:30 PM, New York Time.[1]

Last Trading Day

Trading terminates at the close of business on the third business day prior to the 25th calendar day of the month preceding the delivery month. If the 25th calendar day of the month is a non-business day, trading shall cease on the third business day prior to the business day preceding the 25th calendar day.[1]

Deliverable Grades

Specific domestic crudes with 0.42% sulfur by weight or less, not less than 37° API gravity nor more than 42° API gravity. The following domestic crude streams are deliverable: West Texas Intermediate, Low Sweet Mix, New Mexican Sweet, North Texas Sweet, Oklahoma Sweet, South Texas Sweet.

Specific foreign crudes of not less than 34° API nor more than 42° API. The following foreign streams are deliverable: U.K. Brent, for which the seller shall receive a 30 cent per barrel discount below the final settlement price; Norwegian Oseberg Blend is delivered at a 55¢–per–barrel discount; Nigerian Bonny Light, Qua Iboe, and Colombian Cusiana are delivered at 15¢ premiums.[1]

References

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 The New York Mercantile Exchange's contract specification for Light Sweet Crude Oil futures
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