QUOTE AND NEWS
Agrimoney.com  Jun 13  Comment 
Malaysia's palm oil stocks fall further than had been expected, depressed by a surge in exports. But is this demand sustainable?
The Hindu Business Line  Jun 12  Comment 
Commodity bourse, National Commodity and Derivatives Exchange Ltd (NCDEX) stated that its newly launched degummed soy oil (DSO) futures contract received encouraging response from the market particip...
Mondo Visione  Jun 12  Comment 
Shanghai International Energy Exchange (“INE”), a subsidary of Shanghai Futures Exchange, together with Futures Industry Association acorss the country, plan to start a crude oil futures related business training tour in Shanghai,...
MarketWatch  Jun 7  Comment 
Oil prices dropped Wednesday to finish at their lowest level in about a month after the Energy Information Administration reported a surprise increase in last week's U.S. crude supplies, along with sizable gains in stockpiles of gasoline and...
The Hindu Business Line  Jun 5  Comment 
Malaysian palm oil futures on Monday rose slightly at the close of trade, recovering from the previous session's losses, as gains in stronger-performing soyoil boosted sentiment. CPO active month Augu...
The Hindu Business Line  Jun 2  Comment 
Crude oil futures fell 1.8 per cent to Rs 3,102 per barrel today as speculators cut down their bets due to a weak global trend. At the Multi Commodity Exchange, crude oil for delivery in June was ...
Reuters  Jun 1  Comment 
Oil futures rose on Thursday from a three-week low touched the previous session, buoyed by expectations the United States could pull out of a global climate accord and by a report that showed U.S. crude stockpiles had fallen more than expected.
Mondo Visione  Jun 1  Comment 
Final settlement prices for cash-settled oil futures May 2017 contracts are as follows: (Yen/kl) Platts cash-settled Dubai Crude Oil  35,680 Cash-settled Barge Gasoline  48,410 Cash-settled Lorry Gasoline  48,170 Platts cash-settled...
The Hindu Business Line  Jun 1  Comment 
Crude oil rose 0.77 per cent to Rs 3,151 per barrel at the futures trade as speculators created fresh bets, taking positive cues from overseas markets. At the Multi Commodity Exchange, crude oil fo...
The Hindu Business Line  May 29  Comment 
Malaysian palm oil futures were at their lowest in a month on Monday, due to lower demand as a supply crunch eased and as technical selling weighed on prices. Market supplies were tight in the last fe...




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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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