Light Sweet Crude Oil is a generic term for a range of oil grades with a maximum sulfur content of 0.42%, which include West Texas Intermediate, New Mexican Sweet, and Oklahoma Sweet. These light and so-called “sweet” oil grades offer good yields of high-value end and intermediate products in refineries. They can be cheaply processed into products such as gasoline, diesel and kerosene. A number of other international oil grades have traded mostly at premiums or discounts to the WTI price in the past. The NYMEX Light Sweet Crude Oil Future is the most traded commodity contract in the world. It is used by many market participants in risk management and as a hedge because of its high liquidity. The delivery point for Light Sweet Crude Oil is Cushing, Oklahoma, a hub of the North American pipeline system.
Trade data on Light Sweet Crude Oil
Product symbol: CL
Trade: CME GOUP (CME Globex, CME ClearPort, Open Outcry / New York)
Contract size: 1000 Barrels
Trade price: USD and cents per barrel
Minimum trade movement: 00.01 USD per barrel
DISCLAIMER
Under no circumstances should this information be construed as legal, tax or securities advice. All data is for personal use only. When compiling the data and reproducing information, LV Asset Management AG proceeds with the greatest possible care, but points out that all statements and information made are completely non-binding and without guarantee.
The information presented in no way represents a recommendation, an offer or an invitation to purchase financial products or an invitation to make such an offer. Potential investors should independently check and assess the information available and have the chances of profit of their investment checked by a neutral body – such as the house bank.
Options and futures are complex investment instruments that typically involve a high degree of risk and are only suitable for investors who understand and accept the risk involved. The detailed conditions can be seen in the account opening application. The option speculations brokered by LV Asset Management AG include a maximum risk of loss of 100 percent of the invested capital; an obligation to make additional payments is excluded. The futures speculation brokered by LV Asset Management AG involves an unlimited risk of loss; an obligation to make additional payments is not excluded.
LV Asset Management AG assumes no liability whatsoever for losses resulting from trust in the data and information published here.
Cookies
This site uses cookies to ensure that you get the best experience on our website. For more information, see the cookie management and privacy policy.
