MiNY Crude Oil Futures

Mondo Visione  Jun 21  Comment 
BM&FBOVESPA launches a new cash-settled mini Crude Oil derivatives contract on June 21, based on the settlement price of CME Group’s NYMEX Light Sweet Crude Oil (WTI) futures contract. The new contract is authorized for trading as of...


MiNY Light Sweet Crude Oil futures are traded on the New York Mercantile Exchange under ticker symbol QM in U.S. dollars and cents per barrel.[1]

The chart at left shows Front Month MiNY Light Sweet Crude Oil futures prices on the New York Mercantile Exchange (NYMEX) in U.S. dollars and cents per barrel.

Delivery Dates

MiNY 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 MiNY Light Sweet Crude Oil 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, 2009QMF9QM/F9-NM
February, 2009QMG9QM/G9-NM
March, 2009QMH9QM/H9-NM
April, 2009QMJ9QM/J9-NM
May, 2009QMK9QM/K9-NM
June, 2009QMM9QM/M9-NM
July, 2009QMN9QM/N9-NM
August, 2009QMQ9QM/Q9-NM
September, 2009QMU9QM/U9-NM
October, 2009QMV9QM/V9-NM
November, 2009QMX9QM/X9-NM
December, 2009QMZ9QM/Z9-NM

Contract Specifications

Contract Size

One MiNY Light Sweet Crude Oil futures contract on the New York Mercantile Exchange is 500 barrels.[1]

Tick Value

$0.025 (2.5¢) per barrel ($12.50 per contract).[1]

Daily Price Limit


Trading Hours

  • On the CME Globex electronic platform: 6:00 PM Sundays through 5:15 PM Fridays, with a 45-minute break each day between 5:15 PM and 6:00 PM, New York Time.[1]

Last Trading Day

Trading terminates at the close of business on the fourth business day prior to the 25th calendar day of the month preceding the contract month. If the 25th calendar day of the month is a non-business day, trading shall cease on the fourth 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]

Margin Requirements

  • Initial Margin: $3,881 for non-member customers; $3,163 for member customers.[2]
  • Maintenance Margin: $2,875 (clearing member and customer).[2]


  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 The New York Mercantile Exchange's contract specification for MiNY Light Sweet Crude Oil futures
  2. 2.0 2.1 NYMEX Margin Requirements for MiNY Light Sweet Crude Oil Futures
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki