QUALITY STANDARDS
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In accordance with the regulations of WTI Crude Oil traded on New York Mercantile Exchange (NYMEX).
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CONTRACT SPECIFICATION
NYMEX Micro WTI Crude Oil
Trading Screen Product Name |
Micro WTI Crude Oil |
Commodity Code |
MCLE |
Contract Size |
100 barrels / lot |
Price Quotation |
USD / barrel |
Trading Hours |
Monday - Friday 05:00 A.M - 04:00 A.M (the next day) |
Minimum Price Fluctuation |
0.01 USD / barrel |
Contract Series |
Monthly contracts listed for 12 consecutive months and additional Jun and Dec contract months |
First Notice Day |
As MXV required |
Last Trading Day |
As MXV required |
Margin |
As MXV required |
Position Limit |
As MXV required |
Settlement Method |
Not deliverable |
Quality Standards |
Standards are detailed below |