QUOTE AND NEWS
MarketWatch  7 hrs ago  Comment 
Crude-oil prices advance Tuesday, putting the commodity on track for its fourth gain in a row, as traders brace for a possible decline in U.S. supplies.
The Hindu Business Line  11 hrs ago  Comment 
Oil prices rose for a fourth consecutive session on Tuesday boosted by a weaker dollar and investors covering short positions, but worries over persistent oversupply capped gains. Brent crude futu...
WA Business News  Jun 25  Comment 
Oil futures have edged higher with a lift from a weaker US dollar, but have finished a fifth straight week lower as OPEC-led production cuts have failed to substantially reduce a global crude glut.
Reuters  Jun 22  Comment 
Asian stocks advanced on Thursday, but oil futures hovered near a 10-month low hit overnight on concerns over a supply glut and falling demand.
MarketWatch  Jun 19  Comment 
Oil futures ended lower Monday after a rebound effort fizzled out, leaving crude to succumb to supply concerns. West Texas Intermediate crude for July delivery on the New York Mercanctile Exchange fell 54 cents, or 1.2%, to close at $44.20 a...
The Hindu Business Line  Jun 19  Comment 
Barring palmolein which rose by ₹2, all other edible oils were unchanged on back of limited demand amid weak overseas futures. Malaysian palm oil futures close lower keeping domestic soya oil futur...
The Hindu Business Line  Jun 19  Comment 
Malaysian palm oil futures closed higher on Monday, but gave up most of the gains on expectations of falling stocks. Exports increased because of higher consumer demand ahead of the start of the Isla...
The Hindu Business Line  Jun 19  Comment 
Crude oil futures slipped 0.35 per cent to Rs 2,869 per barrel today, in line with a weak trend in Asia, as traders cut down their exposure. Crude oil for delivery in the current month fell Rs 10 o...
MarketWatch  Jun 19  Comment 
Oil futures give up early gains to post the lowest close since November as bulls prove unable to shake off supply fears.
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?




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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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