QUOTE AND NEWS
The Hindu Business Line  7 hrs ago  Comment 
Crude oil futures were up 1.55 per cent at Rs 3,276 per barrel today as speculators created positions amid positive Asian cues.At the Multi Commodity Exchange, crude oil for delivery in July gained Rs...
MarketWatch  Jun 28  Comment 
Oil futures finished higher on Tuesday, rebounding after a two-session loss of roughly 7.5%, as concerns surrounding the U.K. decision to leave the European Union eased. Traders also awaited weekly data that are expected to show a decline in U.S....
Benzinga  Jun 28  Comment 
August Crude Oil futures are trading higher by $0.60 at $46.93 in Tuesday's session. The rally last from Monday has spilled over into today's session. At this time, the rally has taken the issue to $47.81, which is right in between Friday's...
MarketWatch  Jun 28  Comment 
Treasury prices were under pressure Tuesday, lifting yields slightly higher, amid a rebound for assets perceived as risky like stocks and oil futures.
The Hindu Business Line  Jun 28  Comment 
Edible oils ruled mixed in Mumbai despite fresh buying by stockists. Local refineries kept their rates unchanged tracking weak Malaysian palm oil futures. Liberty traded palmolein at ₹560, super pa...
MarketWatch  Jun 28  Comment 
Oil futures finish higher for the first time in three sessions, rebounding from a Brexit-fueled selloff that sent Brent to a seven-week low on concerns of a slowdown in the global economy.
The Hindu Business Line  Jun 28  Comment 
Crude oil futures rose Rs 72 to Rs 3,272 per barrel today as speculators widened their positions amid a mixed trend overseas.At the Multi Commodity Exchange, crude oil for delivery in August was trad...
newratings.com  Jun 28  Comment 
MarketWatch  Jun 27  Comment 
Oil futures dropped Monday, sending prices to their lowest level in about a week as the U.K.'s vote to leave the European Union raised concerns over a slowdown in energy demand. August WTI crude settled at $46.33 a barrel on the New York...
The Hindu Business Line  Jun 27  Comment 
Crude oil futures fell 1.11 per cent to Rs 3,292 per barrel today, in line with a weak trend in Asian trade, as speculators indulged in trimming positions. Crude oil for delivery in far-month Augu...
MarketWatch  Jun 24  Comment 
Oil futures settled with a loss of almost 5% on Friday as the U.K. voted to leave the European Union, raising concerns over the implications for global economies and the potential for a slowdown in energy demand. August WTI crude settled at...




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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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