Crude oil delivery means that in the process of futures trading, commodity futures holders must deliver part of their crude oil at maturity. This crude oil delivery method means that the holder must actually deliver the crude oil represented by the current commodity futures to the exchange on the maturity date. There are two main ways to deliver crude oil: physical delivery and cash delivery. Physical delivery refers to the actual delivery of crude oil to futures holders. Cash delivery refers to the settlement of futures spreads in cash to futures holders' accounts. Crude oil delivery is a very important way of crude oil futures trading. In this way, both parties can reduce the transaction risk and ensure the fairness and legality of the market.

Crude oil delivery helps to ensure the normal operation of the exchange. If the exchange cannot effectively control the delivery of crude oil, then the exchange is likely to face bankruptcy. The exchange must receive the crude oil actually delivered in the past period of time and must meet international standards. If the quality of crude oil does not meet the requirements of futures contracts, the holder must bear punitive expenses. Therefore, crude oil delivery is one of the important means to ensure the normal operation of the exchange.

In short, crude oil delivery is an indispensable operation mode in the crude oil futures market. It provides great convenience for futures trading, which can help both parties to reduce risks and ensure the legitimacy and fairness of the market. Of course, the way of crude oil delivery must meet the standards, so as to ensure the normal operation of the futures market and the sustainable development of the exchange.