Crude Outright - WTI Cushing Trade Month Future

ICE Futures U.S.

A trade month cash settled future based on the daily settlement price for WTI Futures.

Trading Screen Product Name: Crude Futures (Trade Month)
Trading Screen Hub Name: WTI Cushing Trade Month
Contract Symbol: WTC
Contract Size: 1,000 barrels
Unit of Trading: Any multiple of 1,000 barrels
Currency: US Dollars and cents
Trading Price Quotation: One cent ($0.01) per barrel
Settlement Price Quotation: One tenth of one cent ($0.001) per barrel
Minimum Price Fluctuation: One tenth of one cent ($0.001) per barrel
Last Trading Day: Trading shall cease at the close of trading on the last business day that falls on or before the 25th calendar day of the month prior to the contract month. If the 25th calendar day is a weekend or holiday, trading shall cease on the first business day prior to the 25th calendar day
Floating Price: In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
Final Settlement: In respect of final settlement, the Floating Price will be a price in USD and cents per barrel based on the average of the settlement prices as made public by NYMEX for the front month WTI Futures contract for each business day (as specified below) in the determination period.
Contract Series: Up to 60 consecutive months
Final Payment Date: Two Clearing House Business Days following the Last Trading Day
Business Days: ICE Business Days
MIC Code: IFED
Clearing Venues: ICEU

Sunday Pre-Open 5:10 PM ET; Closed on Saturday

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