Crude Oil Commodities: Futures Information

Crude Oil Futures Trading: Unit 1,000 U.S. barrels (42,000 gallons).

Crude Oil Price Quotation: U.S. dollars and cents per barrel.

Crude Oil Trading Hours (All times are New York time): Open outcry trading is conducted from 10:00 AM until 2:30 PM. After hours futures trading is conducted via the NYMEX ACCESS7 internet-based trading platform beginning at 3:15 P.M. on Mondays through Thursdays and concluding at 9:30 A.M. the following day. On Sundays, the session begins at 7:00 P.M. All times are New York time.

Trading Months:Crude Oil Futures: 30 consecutive months plus long-dated futures initially listed 36, 48, 60, 72, and 84 months prior to delivery.

Additionally, trading can be executed at an average differential to the previous day's settlement prices for periods of two to 30 consecutive months in a single transaction. These calendar strips are executed during open outcry trading hours.

Crude Oil Options: 12 consecutive months, plus three long-dated options at 18, 24, and 36 months out on a June/December cycle.

Crude Oil Delivery Period: All deliveries are rateable over the course of the month and must be initiated on or after the first calendar day and completed by the last calendar day of the delivery month.

Exchange of Crude Oil Futures for Physicals (EFP): The commercial buyer or seller may exchange a futures position for a physical position of equal quantity by submitting a notice to the Exchange. EFPs may be used to either initiate or liquidate a futures position.

Crude Oil Margin Requirements: Margins are required for open futures positions.

Crude Oil Trading Symbol: CL

More Information on Crude Oil Trading

Crude Oil Trading | Crude Oil Options | Free Crude Oil Report

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Edge Financial Group is registered and licensed as an Introducing Broker with the Commodity Futures Trading Commission, the federal regulatory agency of futures and options. We are also a member of the National Futures Association, a self-regulatory agency working with the Commodities Futures Trading Commission. Our firm is fully licensed.

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