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- The difference between physical, NYMEX-spec WTI and the NYMEX contract is what's called the exchange-for-physical, or EFP, which on Wednesday was heard to have traded at 2 cents/b. Therefore, physical WTI that meets NYMEX specs is worth 2 cents/b more than plain-old NYMEX-suitable crude.
2 days ago · Trade NYMEX WTI Crude Oil futures (CL), the world’s most liquid crude oil contract. When traders need the current oil price, they check the WTI Crude Oil price. WTI (West Texas Intermediate, a US light sweet crude oil blend) futures provide direct crude oil exposure and are the most efficient way to trade oil after a sharp rise in US crude ...
NYMEX WTI (Cushing) futures contracts expire three business days prior to the twenty-fifth calendar day of the month before delivery (adjusted earlier if the twenty-fifth is not a business day). Physical delivery is made between the first and last day of the delivery month.
The difference between physical, NYMEX-spec WTI and the NYMEX contract is what is called the exchange-for-physical, or EFP, which typically ranges from flat, or 0 cents/b, to roughly 5 cents/b. In other words, physical WTI that meets NYMEX specs is often worth a few cents more than plain-old NYMEX-suitable crude.
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Jun 23, 2018 · The difference between physical, NYMEX-spec WTI and the NYMEX contract is what’s called the exchange-for-physical, or EFP, which on Wednesday was heard to have traded at 2 cents/b. Therefore, physical WTI that meets NYMEX specs is worth 2 cents/b more than plain-old NYMEX-suitable crude.
Dec 15, 2017 · NYMEX announced it will amend the quality specifications in Rule Chapter 200 of its physically-delivered Light Sweet Crude Oil futures contract effective Tuesday, January 2, starting with deliveries against the January 2019 contract month and beyond. Specifically, CME Group is amending the contract specifications to include five additional ...
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May 4, 2024 · WTI is the underlying commodity for the NYMEX's oil futures contract. WTI is often compared to Brent crude, which is the benchmark for two-thirds of the world's oil contracts.