Oil WTI West Texas Intermediate (WTI), also known as Texas light sweet, is a grade of crude oil used as a benchmark in oil pricing it is the underlying commodity of Chicago Mercantile Exchange's oil futures contracts. Light Sweet Crude Oil (WTI) futures and options are the world's most actively traded energy product. WTI plays an important role in managing risk in the energy sector worldwide.
Futures natural gas prices set at Henry Hub are denominated in $/mmbtu (millions of British thermal units) and are generally seen to be the primary price set for the North American natural gas market.
|Instruments||Spread||Order level||Minimum fluctuation||Current contract margin||Future contract margin||Contract Size||Execution||Trading months||Trading hours|
|WTI||Floating||25||0.01||1000||3500||1000 barrels||Market||Jan., Feb., Mar., Apr., May, Jun., Jul., Aug., Sep., Oct., Nov., Dec.||Sun. - Fri. 23:00 - 22:00|
|NG||Floating||100||0.001||1000||1000||10000 (mmBtu)||Market||Jan., Feb., Mar., Apr., May, Jun., Jul., Aug., Sep., Oct., Nov., Dec.||Sun. - Fri. 23:00 - 22:00|
|BRENT||Floating||25||0.01||1000||3500||1000 barrels||Market||Jan., Feb., Mar., Apr., May, Jun., Jul., Aug., Sep., Oct., Nov., Dec.||Mon. - Fri. 23:00 - 21:00|
Note: Trading hours are based on GMT Time (+1 hour for daylight saving).