The trading unit of crude oil futures is 1 1,000 barrels per hand, and the minimum price change is 0. 1 yuan (RMB)/barrel. The daily limit of crude oil futures is 4%, and the contract delivery month is the last month of consecutive 1- 12 months and the next eight quarters. The minimum trading margin is 5% of the contract value, so according to the current international standards,

1. members of futures companies, participants of overseas special brokers and overseas intermediaries shall be subject to proportional restrictions, among which the proportion of restricted positions of ≥ 75,000 lots shall be 25%.

2. Non-futures company members, overseas special non-brokerage participants and customers are restricted by positions. The general position limit is as follows: from the contract listing date to March before the delivery month, the position limit is 3,000 lots, the position limit is 1500 lots in February before the delivery month, and the position limit is 500 lots in February before the delivery month.

3. The limits of hedging trading positions and arbitrage trading positions shall be determined by the Energy Center for examination and approval.