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E-MINI CRUDE
Crude oil is the world's most actively traded physical commodity. The Exchange's standard-sized light sweet crude oil futures contract is the world's highest volume futures contract based on an underlying physical commodity and is used as a pricing benchmark worldwide. The delivery point of the contract is Cushing, Oklahoma, the nucleus of U.S. cash market crude oil trading, which is accessible to the world market by two major interstate petroleum pipeline systems. The light sweet crude oil futures contract provides for delivery of several grades of domestic and internationally traded foreign crudes which makes it an excellent hedging and trading instrument for the international oil industry. The futures contract is the most liquid trading instrument for crude oil, with daily trading volume averaging the equivalent of 230 million barrels of crude, approximately three times physical daily output.
NYMEX miNY™ Light, Sweet Crude Oil Futures
Trading Unit
500 barrels.
Price Quotation
U.S. dollars and cents per barrel.
Trading Hours (All times are New York time)
The contract is available for trading on the NYMEX ClearPort® trading platform from 7:00 PM Sundays through 2:30 PM Fridays, with a 45-minute break each day between 2:30 PM and 3:15 PM. A pre-open break occurs from 9:30 AM to 10:00 AM Monday through Friday for NYMEX miNY™ Light Sweet Crude Oil ONLY.
Trading Months
The first nearby month until the tenth-to-last day of trading in the contract, when the second nearby month is also listed.
Minimum Price Fluctuation
$0.025 (2.5¢) per barrel ($12.50 per contract).
Maximum Transaction Size
50 contracts.
Last Trading Day
Trading terminates at the close of business on the business day prior to the termination of the light, sweet crude oil futures contract.
Settlement Type
Contracts are cash-settled, based upon the daily settlement price of the underlying primary futures contract.
Margin Requirements
Margins are required for open futures positions.
Trading Symbol
QM
ProActive Futures
255 Executive Dr, Suite 410, Plainview, NY 11803 Phone: 1-877-393-5916 More
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