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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 oil production.
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Trade NYMEX WTI Crude Oil futures (CL), the world’s most...
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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.
Therefore, the most important constraint for NYMEX WTI futures is simply Cushing crude storage vs. Cushing storage capacity. Working storage capacity at Cushing is 75.8 million barrels, according to the US Energy Information Administration. The greater sensitivity of WTI prices to Cushing inventory constraints can magnify the impact of a crude ...
Jan 26, 2016 · Both futures contracts have an underlying physical crude oil trade basis: cargoes of North Sea Brent, Forties, Oseberg, Ekofisk (BFOE) crude oils for the Brent contract and crude oil deliveries to the crude oil storage hub of Cushing, Oklahoma for WTI. The changing of the expiration date of the Brent futures contract is intended to better align the timing of when BFOE cargoes are bought, sold ...
For the same reasons, and directly driven by the less extreme price swings, the realized volatility for ICE Brent is lower than NYMEX WTI (Cushing). This is shown in the charts below. Over a long history, from January 2015 to July 2024, ICE Brent volatility of 36.5% averaged around 3% less than NYMEX WTI (Cushing) volatility of 39.6% (see chart).
People also ask
When does Nymex WTI (Cushing) expire?
Are Nymex WTI (Cushing) futures physically deliverable?
What is Nymex WTI?
Is ICE Brent more volatile than Nymex WTI (Cushing)?
What is WTI Cushing?
When do WTI crude oil futures expire?
What is the Nymex roll? The Nymex roll is a commonly-used calculation to determine the physical price of crude at Cushing using a futures contract price. For example, for crude delivered to Cushing in February, the closest futures prices still trading are for March and April – the Nymex roll calculates the February value.
