QUOTE AND NEWS
newratings.com  3 hrs ago  Comment 
WASHINGTON (dpa-AFX) - Crude oil futures were a bit lower Wednesday, recovering from steep early losses after government data showed gasoline stockpiles continued to fall last week. The Energy Information Administration reported crude oil futures...
The Hindu Business Line  Mar 20  Comment 
Malaysian palm oil futures declined on Monday after the release of weaker export data, while March output is expected to improve from a month ago. CPO active month June futures pulled back higher from...
The Hindu Business Line  Mar 20  Comment 
Crude oil futures fell 0.97 per cent to Rs 3,165 per barrel today as speculators reduced positions amid a weak trend in global markets. At the Multi Commodity Exchange, crude oil for delivery in Ma...
newratings.com  Mar 16  Comment 
WASHINGTON (dpa-AFX) - Crude oil futures continued to rise Thursday morning, extending strong gains from the previous session. Analysts point to a surprising drawdown in U.S. oil stockpiles. After weeks of adding to record-high inventories,...
The Hindu Business Line  Mar 16  Comment 
Crude oil futures rose Rs 40 to Rs 3,218 per barrel today as speculators raised bets amid positive global cues. At the Multi Commodity Exchange, crude oil for delivery in current month gained Rs 40...
newratings.com  Mar 15  Comment 
CANBERA (dpa-AFX) - Asian stocks ended mostly lower on Wednesday, although a rebound in oil prices in Asian trading helped to limit overall losses to some extent. Oil futures rebounded from three-month lows after industry data showed a surprise...
The Hindu Business Line  Mar 15  Comment 
Crude oil futures surged Rs 43 to Rs 3,179 per barrel today as speculators widened their positions after it rebounded in global market. At the Multi Commodity Exchange, crude oil for delivery in M...
The Hindu Business Line  Mar 14  Comment 
Edible oils market rule steady lower level on Tuesday tracking bounced back in Malaysian palm oil futures. Liberty’s rates for Palmolein Ex STC / Shapur were ₹585/ 586 for March. Super palmolein a...
The Hindu Business Line  Mar 13  Comment 
Malaysian palm oil futures ended sharply lower to reach their weakest level in more than four months, tracking declining fundamentals. CPO active-month May futures tanked lower after failing to sustai...
The Hindu Business Line  Mar 9  Comment 
Crude oil futures fell sharply by Rs 38 to Rs 3,387 per barrel today as speculators cut down their positions amid a weak trend in Asian markets. At the Multi Commodity Exchange, crude for delivery ...




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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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