QUALITY STANDARDS
-
In accordance with the regulations of WTI Crude Oil traded on New York Mercantile Exchange (NYMEX).
CONTRACT SPECIFICATION
NYMEX WTI Crude Oil
Trading Screen Product Name |
NYMEX WTI Crude Oil |
Commodity Code |
CLE |
Contract Size |
1,000 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 the current year and the next 10 calendar years and 2 additional contract months. List monthly contracts for a new calendar year and 2 additional contract months following the termination of trading in the December contract of the current year. |
First Notice Day |
As MXV required |
Last Trading Day |
3 business day prior to the 25th calendar day of the month prior to the contract month. If the 25th calendar day is not a business day, trading terminates 4 business days prior to the 25th calendar day of the month prior to the contract month. |
Margin |
As MXV required |
Position Limit |
As MXV required |
Settlement Method |
Not deliverable |
Quality Standards |
Standards are detailed below |