[Trading] CME NYMEX:CL WTI Crude Oil Futures
WTI Crude Oil Futures (CME NYMEX: CL) : WTI = West Texas Intermediate. Also called as Texas light sweet. Medium crude oil, relatively low density and sweet (low sulfur content). Major trading hub and delivery point for WTI crude contracts is Cushing, Oklahoma. Contract Unit: 1,000 barrels. Price Quotation: U.S. dollars and cents per barrel. Minimum Price Fluctuation: 0.01 per barrel = $10.00. Settlement Method: Deliverable. Trading hours: Sunday - Friday 5:00 p.m. - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT. Termination Of Trading: Trading terminates 3 business day prior to the twenty-fifth calendar day of the month prior to the contract month. Listed Contracts: Monthly contracts listed for the current year and the next 10 calendar years and 2 additional contract months.