WTI crude oil futures

E74438
derivatives contract futures contract

WTI crude oil futures are benchmark oil derivative contracts widely used for global crude pricing, hedging, and speculation, primarily traded on major exchanges such as CME Group’s NYMEX.

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Observed surface forms (3)

Surface form Occurrences
West Texas Intermediate 1
West Texas Intermediate crude oil 1
West Texas Intermediate crude oil benchmark 1

Statements (49)

Predicate Object
instanceOf derivatives contract ⓘ
futures contract ⓘ
associatedIndex Bloomberg WTI Crude Oil Subindex ⓘ
S&P GSCI Crude Oil index ⓘ
benchmarkFor North American crude oil pricing ⓘ
global crude oil pricing ⓘ
clearing central counterparty clearing ⓘ
contractMonths consecutive monthly contracts ⓘ
contractUnit light sweet crude oil ⓘ
currency US dollar ⓘ
deliveryLocation Cushing, Oklahoma ⓘ
deliveryType physical delivery ⓘ
exchangeCode CME Group ⓘ
surface form: NYMEX
liquidity highly liquid ⓘ
listedBy CME Group ⓘ
mainRegulator U.S. Commodity Futures Trading Commission ⓘ
surface form: Commodity Futures Trading Commission
marginTrading yes ⓘ
marketRole global oil price benchmark ⓘ
priceDetermination exchange trading ⓘ
priceInfluences energy indices ⓘ
refined product pricing ⓘ
spot crude oil markets ⓘ
priceLimitMechanism exchange-defined price limits ⓘ
primaryContractSymbol CL ⓘ
qualitySpecification light crude oil ⓘ
sweet crude oil ⓘ
quotedIn US dollars per barrel ⓘ
referenceGrade WTI crude oil futures self-linksurface differs ⓘ
surface form: West Texas Intermediate
regulatorJurisdiction United States of America ⓘ
surface form: United States
riskCategory commodity derivative ⓘ
sector energy ⓘ
settlementType physical ⓘ
standardContractSize 1000 barrels ⓘ
storageHub Cushing oil hub ⓘ
timeZoneForTrading US Central Time ⓘ
tradedOn CME Group ⓘ
New York Mercantile Exchange ⓘ
tradingVenueType regulated futures exchange ⓘ
underlyingAsset WTI crude oil futures self-linksurface differs ⓘ
surface form: West Texas Intermediate crude oil
underlyingRegion United States of America ⓘ
surface form: United States
usedBy financial institutions ⓘ
hedge funds ⓘ
oil producers ⓘ
refiners ⓘ
trading firms ⓘ
usedFor arbitrage strategies ⓘ
hedging crude oil price risk ⓘ
speculation on crude oil prices ⓘ
volatility historically high ⓘ

Referenced by (5)

Full triples — surface form annotated when it differs from this entity's canonical label.

CME Group → hasKeyProduct → WTI crude oil futures ⓘ
West Texas → knownFor → WTI crude oil futures ⓘ
this entity surface form: West Texas Intermediate crude oil benchmark
CME → notableContract → WTI crude oil futures ⓘ
WTI crude oil futures → referenceGrade → WTI crude oil futures self-linksurface differs ⓘ
this entity surface form: West Texas Intermediate
WTI crude oil futures → underlyingAsset → WTI crude oil futures self-linksurface differs ⓘ
this entity surface form: West Texas Intermediate crude oil