Crude Outright - ICE WTI Crude Oil Last Day Future82067434
ICE Futures Europe
Crude Outright - ICE WTI Crude Oil Last Day Future
Description
The ICE West Texas Intermediate (WTI) Light Sweet Crude Oil Last Day Futures is used for the purposes of settling the WTI Last Day TAS Future
Market Specifications
- Trading Screen Product Name
- WTI Crude Futures
- Trading Screen Hub Name
- WTI LD
- Contract Symbol
- WLD
- 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 cent ($0.01) per barrel
- Minimum Price Fluctuation
- One cent ($0.01) per barrel
- Last Trading Day
- Trading shall cease at the end of the designated settlement period on the 3rd US business day prior to the 25th calendar day of the month preceding the contract month. If the 25th calendar day of the month is not a US business day the Final Trade Day shall be the Trading Day which is the fourth US business day prior to the last US business day preceding the 25th calendar day of the month preceding the contract month.
- 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
- The West Texas Intermediate Light Sweet Crude Oil Last Day futures contract is cash settled against the prevailing market price for US light sweet crude. It is a price in USD per barrel equal to the settlement price for WTI crude futures as made public by NYMEX for the month of production per 2005 ISDA Commodity Definitions.
- Contract Series
- Up to 108 consecutive months
- Final Payment Date
- Two Clearing House Business Days following the Last Day in the determination period.
- Business Days
- ICE Business Days
- Markers
- TAS (Trade at Settlement)
- MIC Code
- IFEU
- Clearing Venues
- ICEU
Related Products
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 8:00 PM - 6:00 PM* 20:00 - 18:00 | 7:45 PM 19:45 |
| LONDON | 1:00 AM - 11:00 PM 01:00 - 23:00 | 12:45 AM 00:45 |
| SINGAPORE | 9:00 AM - 7:00 AM* 09:00 - 07:00 | 8:45 AM 08:45 |
*Next Day
Codes
- Clearing Admin Name
- ICE WTI
- Physical
- WLD
- Logical
- WBS
- GMI (FC)
- ION A.C.N.
- Symbol Code
- WLD