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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 oil production.
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Trade NYMEX WTI Crude Oil futures (CL), the world’s most...
- WTI product overview
WTI Crude Oil futures, ticker symbol CL, is the most...
- Crude Oil futures and options
Trade smaller-sized contracts to manage crude oil price...
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This process is known as rolling over the futures contract. Brent vs. WTI Crude Oil Futures: Brent and West Texas Intermediate (WTI) are the two most widely traded crude oil benchmarks, the key ...
- Learn About WTI Crude Oil Futures
- The Contract
- Trading WTI
WTI Crude Oil futures, ticker symbol CL, is the most actively traded crude oil futures contract, with more than 1 million contracts traded every day. WTI is a light, sweet crude oil, which refers to its low density and low sulfur content, and is often used for conversion to gasoline and diesel fuel. Although WTI is priced out of Cushing, Oklahoma, ...
WTI Crude Oil futures trade Sunday through Friday from 5 p.m. to 4 p.m. Central Time (CT), with a one-hour break in trading at 4 p.m. CT. The contract size is 1,000 barrels, with a tick value of $10.00 and a minimum tick size of one cent. WTI futures contracts expire each month, and liquidity is consistent and based on numerous factors ranging from...
WTI Crude Oil futures traders will pay attention to the EIA Weekly Petroleum Status Report, which is released most Wednesdays at 10:30 a.m. Eastern Time. Additionally, they will pay special attention to meetings of OPEC and any world events which may impact the cost of oil.
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. Understanding West ...
The CME trades two main types of crude oil: light sweet crude oil and Brent crude oil. The light sweet futures contract calls for the delivery of 1,000 barrels of crude oil in Cushing, Oklahoma. Light sweet crude is preferred by refiners because of its low sulfur content and relatively high yield of high-value products such as gasoline, diesel fuel, heating oil, and jet fuel.
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- NYMEX
- Crude Oil West Texas Intermediate
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Trade smaller-sized contracts to manage crude oil price exposure with greater precision. At 1/10 the size of benchmark WTI Crude Oil contracts, Micro WTI Crude Oil futures and options offer the same robust trading transparency and price discovery with smaller margin requirements.
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An oil futures contract is a tradable instrument for the purchase and delivery of 1000 barrels of crude oil (standard contract) or 100 barrels of crude oil (micro contract) of West Texas Intermediate (WTI) crude oil. Each futures contract, like crude oil, has a unique set of contract specifications that are set by the futures exchange.
