Knowledge About Crude Oil Futures

Crude oil is the most well known commodity from the energy sector and is the world's most actively traded commodity. Light, sweet crude oil is preferred by refiners because of its low sulfur content and relatively high yields of high value products such as gasoline, heating oil, and jet fuel.

Crude oil is the most well known commodity from the energy sector and is the world's most actively traded commodity. Light, sweet crude oil is preferred by refiners because of its low sulfur content and relatively high yields of high value products such as gasoline, heating oil, and jet fuel. Producers of sweet crude oil include the United States, Saudi Arabia, Canada, Nigeria, and Romania. The NYMEX (New York Mercantile Exchange) Division light, sweet crude oil futures contract is the world's most liquid forum for crude oil trading.

Exchange

NYMEX

Trading Symbol(s)

CL
YC (electronic)

Trading Hours

Trading hours are 9:00 am - 2:30 pm ET for open outcry and 6:00 pm to 5:15 pm for electronic trading.

Trading months

Futures - F, G, H, J, K, M, N, Q, U, V, X, Z
Options - F, G, H, J, K, M, N, Q, U, V, X, Z


Contract Size

1,000 US barrels and is quoted in US dollars and cents per barrel.

Minimum Price Fluctuation

$0.01 per barrel or $10.00 per contract

All the information is provided by LearnAboutFutures.com. For more details and insights, please visit the website for further references.

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