Crude Oil Futures (CL) Futures Settlements

Monday, October 30, 2017

Individual and continuous (last, first, open interest) contracts

ContractOpenHighLowLastChangeSettleVolumeOpen Interest
       Sum : 1601170Sum : 3055266
CLROLLOPENINT54.1654.4653.7554.11+0.2554.15549497591778
CLZ201754.1654.4653.7554.11+0.2554.15549497591778
CLF201854.3554.6453.9654.33+0.2854.37147020320386
CLG201854.4554.7254.0754.43+0.354.4861347130863
CLH201854.4554.7554.1454.47+0.3254.5352225253904
CLJ201854.354.754.1554.45+0.3154.512851684791
CLK201854.354.6254.154.34+0.2854.412080961059
CLM201854.2554.5253.954.19+0.2554.2660723204531
CLN201853.9854.2553.7653.99+0.2354.06793551396
CLQ201853.635453.5953.8+0.2153.85585741348
CLU201853.553.8253.3553.56+0.1853.63934667896
CLV201853.3553.5653.1953.36+0.1653.42432245486
CLX201853.1753.355353.15+0.1553.22534339290
CLZ201853.0853.3152.752.96+0.1553.0464083264983
CLF201952.6952.6952.6952.69+0.1452.81320632942
CLG201952.6552.6652.6552.66+0.1252.59141216653
CLH201952.3852.3852.3852.38+0.1152.38232227475
CLJ201952.252.252.252.2+0.152.26909906
CLK201952.0152.0152.0152.01+0.0852.0170915298
CLM201951.7252.1551.6951.8+0.0651.86932555383
CLN201951.6851.6851.6851.68+0.0551.687376601
CLQ201951.5451.5451.5451.54+0.0451.543453183
CLU201951.5351.5351.5251.52+0.0351.437008630
CLV201951.451.451.3551.36+0.0351.352295034
CLX201951.2751.2751.2751.27+0.0351.273283567
CLZ201951.151.5251.0351.11+0.0251.191180169332
CLF202051.0751.0751.0751.07+0.0251.07392795
CLG202050.9650.9650.9650.96+0.0250.9671769
CLH202050.8750.8750.8750.87+0.0150.8722040
CLJ202050.7850.7850.7850.78 50.780549
CLK202050.750.750.750.7 50.70157
CLM202050.7950.9250.7950.92+0.0150.641506315
CLN202050.5550.5550.5550.55+0.0250.550307
CLQ202050.4850.4850.4850.48+0.0350.480546
CLU202050.4350.4350.4350.43+0.0450.4301789
CLV202050.450.450.450.4+0.0550.40154
CLX202050.3850.3850.3850.38+0.0650.380360
CLZ202050.450.7350.2350.28+0.0750.36249926753
CLF202150.3150.3150.3150.31+0.0750.310180
CLG202150.2750.2750.2750.27+0.0750.2700
CLH202150.2550.2550.2550.25+0.0750.250300
CLJ202150.2350.2350.2350.23+0.0850.2300
CLK202150.2150.2150.2150.21+0.0950.2100
CLM202150.2250.2250.2250.22+0.150.220400
CLN202150.1750.1750.1750.17+0.150.1700
CLQ202150.1450.1450.1450.14+0.150.1400
CLU202150.1350.1350.1350.13+0.150.1300
CLV202150.1350.1350.1350.13+0.1150.1301
CLX202150.1450.1450.1450.14+0.1250.1400
CLZ202150.550.550.550.5+0.1250.191497358
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Crude Oil Futures (CL) Information

Trading Unit

1,000 U.S. barrels (42,000 gallons).

Price Quotation

U.S. dollars and cents per barrel.

Trading Hours (All times are New York time)

Open outcry trading is conducted from 10:00 AM until 2:30 PM.

Electronic trading is conducted from 6:00 PM until 5:15 PM via the CME Globex® trading platform, Sunday through Friday. There is a 45-minute break each day between 5:15PM (current trade date) and 6:00 PM (next trade date).

Trading Months

The current year and the next five years. A new calendar year will be added following the termination of trading in the December contract of the current year.

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.

Trading at Settlement (TAS)

Trading at settlement is available for the front two months except on the last trading day and is subject to the existing TAS rules. Trading in all TAS products will cease daily at 2:30 PM Eastern Time. The TAS products will trade off of a "Base Price" of 100 to create a differential (plus or minus) in points off settlement in the underlying cleared product on a 1 to 1 basis. A trade done at the Base Price of 100 will correspond to a "traditional" TAS trade which will clear exactly at the final settlement price of the day.

Minimum Price Fluctuation

$0.01 (1¢) per barrel ($10.00 per contract).

Maximum Daily Price Fluctuation

$10.00 per barrel ($10,000 per contract) for all months. If any contract is traded, bid, or offered at the limit for five minutes, trading is halted for five minutes. When trading resumes, the limit is expanded by $10.00 per barrel in either direction. If another halt were triggered, the market would continue to be expanded by $10.00 per barrel in either direction after each successive five-minute trading halt. There will be no maximum price fluctuation limits during any one trading session.

Last Trading Day

Trading terminates at the close of business on the third business day prior to the 25th calendar day of the month preceding the delivery month. If the 25th calendar day of the month is a non-business day, trading shall cease on the third business day prior to the business day preceding the 25th calendar day.

Settlement Type

Physical.

Delivery

F.O.B. seller's facility, Cushing, Oklahoma, at any pipeline or storage facility with pipeline access to TEPPCO, Cushing storage, or Equilon Pipeline Co., by in-tank transfer, in-line transfer, book-out, or inter-facility transfer (pumpover).

Delivery Period

All deliveries are ratable 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.

Alternate Delivery Procedure (ADP)

An alternate delivery procedure is available to buyers and sellers who have been matched by the Exchange subsequent to the termination of trading in the spot month contract. If buyer and seller agree to consummate delivery under terms different from those prescribed in the contract specifications, they may proceed on that basis after submitting a notice of their intention to the Exchange.

Exchange of 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.

Deliverable Grades

Specific domestic crudes with 0.42% sulfur by weight or less, not less than 37° API gravity nor more than 42° API gravity. The following domestic crude streams are deliverable: West Texas Intermediate, Low Sweet Mix, New Mexican Sweet, North Texas Sweet, Oklahoma Sweet, South Texas Sweet.

Specific foreign crudes of not less than 34° API nor more than 42° API. The following foreign streams are deliverable: U.K. Brent and Forties, for which the seller shall receive a 30 cent per barrel discount below the final settlement price; Norwegian Oseberg Blend is delivered at a 55¢–per–barrel discount; Nigerian Bonny Light, Qua Iboe, and Colombian Cusiana are delivered at 15¢ premiums.

Inspection

Inspection shall be conducted in accordance with pipeline practices. A buyer or seller may appoint an inspector to inspect the quality of oil delivered. However, the buyer or seller who requests the inspection will bear its costs and will notify the other party of the transaction that the inspection will occur.

Position Accountability Levels and Limits

Any one month/all months: 20,000 net futures, but not to exceed 2,000 contracts in the last three days of trading in the spot month.

Margin Requirements

Margins are required for open futures positions.

Trading Symbol

CL
CLT (TAS Code)

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