MarketWatch  Sep 23  Comment 
Oil futures gain then fall in the wake of U.S. data revealing a second straight weekly decline in U.S. crude supplies along with a climb in total domestic production.
newratings.com  Sep 22  Comment 
WASHINGTON (dpa-AFX) - U.S. crude oil futures pared losses but still ended lower Tuesday, on demand growth concerns while tracking sharply declining global equity markets and ahead of the weekly crude inventory data amid worries supplies will...
The Hindu Business Line  Sep 22  Comment 
Crude oil futures fell Rs 24 to Rs 3,056 per barrel today as speculators offloaded positions amid a weak trend in Asian markets.Trading sentiment turned weak at the futures trade following...
The Hindu Business Line  Sep 21  Comment 
Firm sentiment continued in edible oils market tracking sharp jump in Malaysian palm oil futures. On the Bombay Commodity Exchange, sunflower refined oil and rapeseed oil rose by ₹10-15 per 10 kg...
newratings.com  Sep 21  Comment 
WASHINGTON (dpa-AFX) - Crude oil futures tumbled Tuesday morning ahead of closely-watched U.S. inventories data. Industry group API is out with its estimate of U.S. stockspiles this afternoon, while official figures from the Energy Information...
MarketWatch  Sep 21  Comment 
Oil futures recoups nearly all of their losses from previous session, buoyed by expectations that crude production will see further declines.
Benzinga  Sep 18  Comment 
Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show. Crude Oil futures were trading lower by $2.30 at $44.90 in Friday's session. At this time, it is attempting to end the week $1 higher than last...
Financial Times  Sep 16  Comment 
Shanghai exchange hopes crude contract will serve as benchmark
The Hindu Business Line  Sep 16  Comment 
Tracking a firm trend in Asia, crude oil futures prices rose Rs 36 to Rs 3,039 per barrel today as speculators widened positions. At the Multi Commodity Exchange, crude oil for delivery i...
Benzinga  Sep 15  Comment 
NYMEX Light Sweet Crude Oil futures sold off 30 minutes ahead of the cash close at 230PM EDT. The commodity tagged $43.92 before rebound back above $43.31. The 3-2-1 Crack Spread, used as a proxy into refiner margins (higher number, better...


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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