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Contract Specifications:CL_,NYMEX | Trading Unit: | 1,000 U.S. barrels (42,000 gallons) | | Tick Size: | $0.01 (1c) per barrel ($10 per contract) | | Quoted Units: | US $ per barrel | | Initial Margin: | $9,788 Maint Margin: $7,250 | | Contract Months: | Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Dec | | First Notice Day: | Two business days after last trading day. | | 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. | | Trading Hours: | Electronic trading: 6:00 PM until 5:15 PM on CME Globex Platform. | | Daily Limit: | $10.00 per barrel ($10,000 per contract) |
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