Brief Introduction of new york Light Crude Oil Futures Exchange;

Due to the strength of American super crude oil buyers and the influence of New York Futures Exchange itself, crude oil futures trading based on WTI has become the leader in global commodity futures trading volume. Generally speaking, crude oil futures contracts have good liquidity and high price transparency, and are one of the three benchmark prices in the world crude oil market. When the public and the media usually talk about how many dollars the oil price has exceeded, it mainly refers to this price.

CFX crude oil price difference contract (based on WTI crude oil quotation)

Contract mark CL

The New York Mercantile Exchange

The trading time is from 6:00 am on Monday to 5: 00 am on Saturday (Beijing time).

Contract unit 1000 barrel (one standard hand)

Quotation method USD/barrel

The minimum price change is 0.0 1 USD/barrel.

The trading spread is $0.05.

The margin is 1000 USD (100 times leverage).