Products
CME Group Energy
About CME Group Energy
Energy markets fuel many of the world’s economies and impact every nation. Futures contract on crude oil, refined products, natural gas, power, biofuels and coal can help industry participants to manage risks and harness the potential of this rapidly changing arena.
Energy markets are volatile because it is easily sparked by geopolitical issues globally. The major factors that affect the market price for this type of commodity are supplies, weather, and the seasonal cycle.
Crude Oil Futures
Contract Specifictions
WTI Crude oil futures are the West Texas Intermediate, (WTI) or light sweet crude oil that is stored and distributed in Cushing, Oklahoma and has long been a benchmark for oil prices.
ITEMS | DETAILS |
|---|---|
Exchange | NYMEX |
Contract Code | CL |
Contract Size | 1,000 barrels |
Minimum Price Fluctuation | $0.01 per barrel |
Value per Tick | $ 10.00 |
Settlement Method | Physical Delivery |
Trading Hours (Malaysia Time, GMT +8)
New York Mercantile Exchange (NYMEX)
Monday through Saturday : 7.00 a.m. – 6.00 a.m. (Next Day)
Note: Daylight saving starts one hour earlier in the U.S.
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