MarketWatch  Oct 21  Comment 
Oil futures finished a bit higher on Friday to gain about 1% for the week amid optimism that major crude producers will reach a firm deal late next month to curb output. Prices have now posted gains for five weeks in a row. December WTI crude , on...
MarketWatch  Oct 21  Comment 
Oil futures traded little changed Friday after data from Baker Hughes revealed that the number of active U.S. rigs drilling for oil climbed by 11 to 443 rigs this week. That marks an eighth-straight weekly rise for the oil-rig count. The total...
Benzinga  Oct 21  Comment 
$51.02 - Current high as of 10:08 AM $50.63 - Thursday close $50.50 - Current price as of 10:08 AM $50.21 - Current low as of 10:08 AM $50.13 - Tuesday low If content like this is useful to your trading/investing...
MarketWatch  Oct 21  Comment 
Oil futures finish modestly higher, with prices in New York marking a fifth-consecutive weekly gain.
MarketWatch  Oct 20  Comment 
Oil futures finished lower on Thursday, easing back after hitting a 15-month high a day earlier as the November West Texas Intermediate crude futures contracts expired at the session's end. November WTI crude fell $1.17, or 2.3%, to settle at...
Benzinga  Oct 20  Comment 
$51.82 - Wednesday close $51.01 - Wednesday low/current price as of 9:48 AM $50.75 - Current low as of 9:48 AM $50.60 - Tuesday close If content like this is useful to your trading/investing strategy, please email feedback@benzinga.com with...
MarketWatch  Oct 20  Comment 
Oil futures retreat a day after a hefty, unexpected weekly drop in U.S. crude supplies and optimism surrounding OPEC’s plan to limit production lifted prices in New York to their highest level since mid-July of last year.
Benzinga  Oct 19  Comment 
$52.30 - June 29 high $52.22 - Intraday high as of 11:57 AM $52.16 - October 10 high $52.00 - Current price as of 11:57 AM $51.01 - Intraday low as of 11:57 AM $50.60 - Tuesday close If content like this is useful...
MarketWatch  Oct 19  Comment 
Oil futures extended their rally Wednesday after the U.S. Energy Information Administration reported that domestic crude supplies dropped by 5.2 million barrels in the week ended Oct. 14. Analysts polled by S&P Global Platts expected a 2.5...
MarketWatch  Oct 19  Comment 
Oil futures rally, with prices in New York settling at their highest level in about 15 months after U.S. government data reveal a surprise weekly drop in crude stockpiles, their sixth decline in seven weeks.


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]


  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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