QUOTE AND NEWS
The Hindu Business Line  2 hrs ago  Comment 
Crude oil jumped 0.61 per cent to Rs 4,141 per barrel at the futures market as speculators widened their bets, taking positive leads from global mar
MarketWatch  Apr 9  Comment 
Oil futures rose Monday, tracking strong gains in the U.S. stock market to recoup roughly half of last week's losses. The market saw a "nice relief rally ... after U.S. officials backpedalled on a trade war with China over the weekend," said Colin...
The Hindu Business Line  Apr 9  Comment 
Malaysian palm oil futures ended sharply lower on Monday, on position adjustment ahead of the official MPOB data due tomorrow. Palm had hit a five-wee
The Hindu Business Line  Apr 9  Comment 
Crude oil prices rose 0.32 per cent to Rs 4,042 per barrel at the futures trade as speculators created fresh positions, taking positive cues from gl
MarketWatch  Apr 6  Comment 
Oil futures ended sharply lower Friday, weighed down by rising trade tensions between the U.S. and China and data that showed an increase in the number of U.S. rigs drilling for crude. West Texas Intermediate oil for May delivery on the New York...
MarketWatch  Apr 6  Comment 
Oil futures end sharply lower Friday as a trade dispute between the U.S. and China ratcheted higher and data showed a rise in the number of U.S. rigs drilling for crude.
MarketWatch  Apr 4  Comment 
Oil futures remained solidly lower Wednesday but trimmed their decline after government data showed an unexpected decline in U.S. crude inventories last week. The Energy Information Administration said inventories fell 4.6 million barrels....
MarketWatch  Apr 4  Comment 
Oil futures end slightly lower after tumbling on fears surrounding a growing U.S.-China trade spat. Crude trims decline after an unexpected fall in crude inventories.
The Hindu Business Line  Apr 4  Comment 
Crude oil futures fell Rs 10 to Rs 4,117 per barrel today as speculators reduced bets amid a weak trend overseas.At the Multi Commodity Exchange, cr
Mondo Visione  Apr 2  Comment 
Final settlement prices for cash-settled oil futures March 2018 contracts are as follows: (Yen/kl) Platts cash-settled Dubai Crude Oil  41,850 Cash-settled Barge Gasoline          61,480 Cash-settled Lorry...




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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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