QUOTE AND NEWS
MarketWatch  Jul 22  Comment 
Oil futures finished Friday with a loss to tally a weekly decline of nearly 4% for the week. A glut of crude and gasoline supplies and expectations more crude supplies from Libya pressured prices. September WTI crude fell by 56 cents, or 1.3%, to...
MarketWatch  Jul 22  Comment 
Oil futures settle at their lowest level in 11 weeks, down nearly 4% from last Friday’s finish.
The Hindu Business Line  Jul 22  Comment 
Crude oil futures rose in quiet Asian trading on Friday but the gains were limited following big falls in the previous session as investors reassessed US data underlining the glut in petroleum, while...
MarketWatch  Jul 21  Comment 
Oil futures settled under $45 a barrel on Thursday as traders fretted over ample U.S. stocks of gasoline and a recent slowdown in domestic production declines. Losses in the last half hour of trading accelerated, following sharper losses in the...
Benzinga  Jul 20  Comment 
$47.05 - Friday high $46.84 - Monday high $46.38 - Tuesday high $45.88 - Intraday high as of 11:11 AM $45.69 - Current price as of 11:11 AM $45.45 - Tuesday close $45.20 - 7-08 low $44.55 - Intraday low as of...
Clusterstock  Jul 20  Comment 
TOKYO (Reuters) - Oil futures rose in early Asian trading on Wednesday after an industry group released weekly figures showing U.S. stockpiles fell more than expected last week. Brent crude was up 13 cents at $46.79 a barrel at 0017 GMT. On...
The Hindu Business Line  Jul 19  Comment 
Edible oils rule firm on Tuesday on back of higher demand amid bounced back in Malaysian palm oil futures. Stockists continued to give fresh orders. Liberty was quoting palmolein at ₹542, super pal...
The Hindu Business Line  Jul 19  Comment 
Crude oil futures eased 0.55 per cent to Rs 3,089 per barrel today as speculators reduced positions amid a weak trend in Asian market. At the Multi Commodity Exchange, crude oil for delivery in Aug...
MarketWatch  Jul 18  Comment 
Oil futures settled lower on Monday, with the flow of oil through a key port reportedly undisturbed by the failed coup attempt in Turkey. Traders have also been concerned about a slowdown in crude production declines and the increasing number of...
Benzinga  Jul 18  Comment 
$46.33 - Friday high $46.14 - Intraday high as of 1:15 PM $45.95 - Friday close $45.20 - Current price as of 1:15 PM $44.95 - Thursday low $44.86 - Intraday low as of 1:15 PM $44.77 - July 8 low $44.56 - July 13...




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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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