QUOTE AND NEWS
Benzinga  11 hrs ago  Comment 
$53.47 - Monday high $53.30 - Intraday high as of 9:43 AM $53.18 - Current price as of 9:43 AM $52.75 - Monday close $52.67 - Intraday low as of 9:43 AM © 2017 Benzinga.com. Benzinga does not provide investment advice....
newratings.com  Jan 24  Comment 
WASHINGTON (dpa-AFX) - Crude oil futures were little changed Tuesday as traders await further clues about the pace of U.S. production. The American Petroleum Institute reports weekly inventories this afternoon, followed tomorrow by the Energy...
MarketWatch  Jan 24  Comment 
Oil futures have been trading in a narrow range around the low $50s over the past month as traders await more updates on the progress in output cuts by the Organization of the Petroleum Exporting Countries and other major crude producers.
The Hindu Business Line  Jan 23  Comment 
Malaysian palm oil futures on the BMD were marginally lower on Monday, undermined by a stronger ringgit, which makes the physical prices expensive for buyers. CPO active month April futures are still ...
MarketWatch  Jan 20  Comment 
Oil futures settled higher on Friday, supported by declines in crude output among major producers. Data released Friday from Baker Hughes, however, showed a sharp weekly rise of 29 rigs actively drilling for oil, prompting prices to pare some of...
MarketWatch  Jan 19  Comment 
Oil futures pared some of their gains on Thursday after the U.S. Energy Information Administration reported an unexpected rise in domestic crude-oil supplies of 2.3 million barrels for the week ended Jan. 13. The American Petroleum Institute late...
Benzinga  Jan 19  Comment 
$52.48 - Tuesday close $51.81 - Intraday high as of 9:43 AM $51.72 - Current price as of 9:43 AM $51.24 - Intraday low as 9:43 AM $51.08 - Wednesday close $50.91 - Wednesday low © 2017 Benzinga.com. Benzinga does not...
MarketWatch  Jan 18  Comment 
Oil futures fell by nearly 3% Wednesday as concerns over climbing U.S. shale output pushed prices to their lowest in about a week. Those concerns outweighed some earlier support from growing signs that major crude producers have kept output in...
Benzinga  Jan 18  Comment 
$52.79 - Intraday high as of 9:52 AM $52.48 - Tuesday close $51.52 - Current price a of 9:52 AM $51.21 - Intraday low as of 9:52 AM $50.75 - January 11 low © 2017 Benzinga.com. Benzinga does not provide investment advice....
MarketWatch  Jan 18  Comment 
Oil futures fall by nearly 3% Wednesday as concerns about rising U.S. shale production outweigh some earlier support from signs that major crude producers have kept output in check as promised.




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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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