Transaction type

Low sulfur light crude oil

Trading unit

one thousand bucket (42000 gallon )

Bidder

dollar / bucket ( USD and cents per barrel )

minimum price change

zero point zero one dollar / bucket ( Each contract ten dollar )

Maximum daily price fluctuation limit

The initial limit of all month contracts is ten dollar / Barrel, but if there is any contract whose trading or bid on the price limit reaches five Minutes, then stop five minute. Later, the price limit expanded ten dollar / Barrels. If the same situation occurs again, stop five After minutes, the price limit was expanded again ten dollar / Barrels.

Contract Month

That year, and the following five All months of the year

Transaction time ( New York Time )

Open outcry: 10:00 AM － 2:30 PM.

After hours trading (CME GLOBEX Transaction platform )

From Monday to Thursday: 3:15 PM -- The next day 9:30 AM

Sunday: 7:00 PM―― The next day 9:30 AM

Last Notice Day

If the twenty-five Day is a working day, the last but one trading day before that day is the last trading day twenty-five Day is not a working day, then twenty-five The last trading day is the last trading day.

Delivery Grade

West Texas Intermediate, sulfur content four ％， IPI 40 Degree, sulfur weight five %The following, API Specific gravity between thirty-four Degrees and forty-five Degree; Sulfur weight five %The following, API Specific gravity between thirty-four Degrees and forty-five Low sulfur light oil can also be delivered

delivery points

Cushing, Oklahoma

Closing period

All deliveries shall be evenly arranged from the first day to the last day of the whole delivery month.

Stand-by closing procedure (ADP)

After the suspension of the contract transaction in the current delivery month, the buyer and the seller may, after pairing with the exchange, make delivery under different delivery conditions than those stipulated in the contract through negotiation. After both parties jointly submit a notice to the exchange to inform them of their intention, they may make delivery according to their negotiation results.

Futures to cash (EFP)

The buyer and the seller can apply to the exchange for the futures and spot positions in their hands, and the exchange will assist in establishing or clearing their futures positions after receiving the application.

position limit

The total position of each contract expiring in different months currently being traded shall not exceed twenty thousand Individual net futures position; For a single contract, its position shall not exceed twenty thousand Individual net futures position; For the contract of the current delivery month, the position in the last three trading days shall not exceed one thousand Net futures position.

delivery methods

physical settlement

Transaction code

CL