West Texas Intermediate Futures

WTI Crude Oil Price Chart - LIVE REAL TIME Oil and Metal: Gold Silver ; Copper ; Platinum ; Palladium ; 1 min. 79 a barrel, up 9 cents. It's the same as for coffee, sugar, oranges, cattle, pigs, corn, wheat, etc; you just look for the name of the commodity. 9%, its biggest monthly gain since June. The spot price is derived as a combination of the first and second nearby month of the futures contract. Futures on the S&P 500 Index were flat as of 8 a. Get the latest information about futures of major world indices. 77 per barrel. dollars to settle at 52. 78/Bbl Wednesday. Energy news, Bunker fuel prices, Energy companies directory and products. involves West Texas Intermediate, a particular grade of oil that has fairly low density and sulfur content that makes it relatively easy to. West Texas Intermediate is a high quality grade of oil that is used to produce low sulphur gasoline and diesel. 1 per cent gain for the week, the largest weekly rise since June. access historical data →. WTI/USD = WEST TEXAS INTERMEDIATE in USD BCO/USD = BRENT CRUDE OIL in USD. For example, if you buy West Texas Intermediate (WTI) crude oil futures at a $55 with a three month expiration, regardless of the price movement of the underlying, when the contract settles you pay $55. causal impact of shocks in the breakeven inflation on West Texas Intermediate and Brent crude oil as well as copper futures prices, albeit to varied degrees during the examined sample period. dollar to settle at 55. 75 a barrel. your username. 67%, to $61. All content on FT. 04 a barrel. Brent (BFO) is a North Sea crude whereas WTI is from the Gulf of Mexico. "Because crude oil impacts markets and industries worldwide," says Lewicky, “financial news outlets and traders across the globe closely monitor the rising and falling prices of crude oil futures. oil prices declined on Tuesday. Crude Oil Rises to 2-1/2 Year High; West Texas Futures Hit $61. West Texas Intermediate. December West Texas Intermediate oil fell 88 cents, or 1. 41 per barrel. Real-time, delayed and historical complete tick-level market data feed for US futures and options from New York Mercantile Exchange (NYMEX). Crude Oil Prices Charts. benchmark crude prices settling more than 5% higher for the week, as news of progress on part of a U. As the largest energy consumer China is interested in having oil contracts in yuan. on the New York Mercantile Exchange. * The TSX is up 13. crude oil prices have given back a good chunk of their recent sharp gains and both Brent and WTI are trading lower three days into the week. Crude oil is the most important commodity and emerging industrial markets such as China, India and Latin. Get crude oil prices with live charts from Investing. 95 per cent to USD 62. Meanwhile Brent Crude, the international benchmark slipped 0. WTI (West Texas Intermediary) is one of the premier oil benchmarks in the world. SINGAPORE: Oil headed for its first back-to-back weekly gain since June on signs the United States and China could be edging closer to a trade deal and as a growing list of central banks start easing policy to shore up growth. 60 a barrel by 1208 GMT, while US West Texas Intermediate (WTI) crude futures was at $54. US West Texas Intermediate (WTI) crude futures were down 1. Crude Oil Prices Charts. Closing Crude Oil Futures Price Daily High Low Crude Oil Futures Prices Contract Information Tues day, October 29 , 2019: NYMEX West Texas Intermediate Crude Oil Price for Decem ber delivery closed down $0. 48 a barrel while U. West Texas Intermediate Crude oil futures for December ended down $0. The Intercontinental Exchange Inc. This surge in production has exceeded the pace of pipeline development, depressing the price of West Texas Intermediate (WTI) and West Texas Sour (WTS) crude oils at the nearby hub in Midland, Texas relative to the WTI that trades in Cushing, Oklahoma, the delivery point for the crude-oil futures that trade on the New York Mercantile Exchange. Energy analyst. US West Texas Intermediate (WTI) crude oil futures hit $56 per barrel for the first time this year. All content on FT. November 01, 2019 commodities, Globally, West Texas Intermediate was 0. Melina Deltas, XM Investment Research Desk. Crude oil futures are near a. Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. involves West Texas Intermediate, a particular grade of oil that has fairly low density and sulfur content that makes it relatively easy to. 42 a barrel by 0408 GMT, while U. Brent crude futures shed $1. Brent is not as light or as sweet as WTI but it is still a high-grade crude. 09 a barrel. equity futures swung from gains to losses and back again on Thursday amid multiple headlines from China on the trade war. This statistic displays the West Texas Intermediate crude oil prices for 2014 to 2018, and provides forecast figures for 2019 and 2020. Brent Crude futures gained $2. crude prices, ended 1. The February contract for West Texas Intermediate, the benchmark American crude oil, finished the session at $18. 7% for the week, its biggest weekly loss since early August. West Texas Intermediate futures, the benchmark for U. Brent refers to oil that is produced in the Brent oil fields and other sites in the North Sea. Brent crude and West Texas Intermediate futures were each lower by around 2 percent Wednesday morning with multiple factors at play. Free intra-day Light Crude Oil (Pit) Futures Prices / Light Crude Oil (Pit) Quotes. Traders should also realize that WTI, short for "West Texas Intermediate," is only one type of oil. It is usually refined into gasoline, kerosene and diesel. US West Texas Intermediate (WTI) crude oil futures hit $56 per barrel for the first time this year. West Texas Intermediate crude for November to end at $59. United States. 78 dollars a barrel on the New. On the Multi Commodity. A type of financial derivative, futures allow you to buy or sell an underlying asset at a future date based on a price agreed upon today. involves West Texas Intermediate, a particular grade of oil that has fairly low density and sulfur content that makes it relatively easy to refine. 2 Cushing is the delivery point for the NYMEX West Texas Intermediate crude contract and a. Brent crude originates from four oilfields in the North Sea (Brent, Forties, Oseberg, and Ekofisk). In August 2019, the price for one barrel of West Texas Intermediate (WTI) crude oil stood at some 54. 87 per barrel Aug. 19—the narrowest since July 20, 2018, according to Dow Jones Market Data. com - Investing. 95 a barrel. 02, or about 3. View the futures and commodity market news, futures pricing and futures trading. 20 per cent, to USD 67. Brent and West Texas Intermediate crude oil futures reached four-month highs Thursday, as production cutbacks by Opec+, along with U. Half of the world's oil and refined futures are traded on ICE's markets, including futures and options on the global benchmark ICE Brent, the U. Crude Oil (petroleum) West Texas Intermediate WTI US Dollars per Barrel December 2017. 89 per barrel. West Texas Intermediate crude oil futures ended Friday's session 30 cents higher at $57. What are WTI Futures? A West Texas Intermediate Future is a standardized contract, traded on an exchange between a buyer and a seller. WTI represents the underlying commodity of the New York Mercantile Exchange's oil futures contracts, and is a light, sweet crude with an API gravity of approximately 39. WTI (West Texas Intermediary) is one of the premier oil benchmarks in the world. “Oil markets managed to snap a few weeks of losses as risk. Brent Crude is produced by the sea, so transportation costs are much lower. The fall in Crude Oil Prices from July to August indicates that the short term Crude Oil Price trend has been down. 75 a barrel. West Texas Intermediate (WTI) Crude Oil West Texas Intermediate is used primarily in the U. Brent (BFO) is a North Sea crude whereas WTI is from the Gulf of Mexico. 4 per barrel. West Texas Intermediate crude futures Latest News also find Videos, Photos and information about U. West Texas Intermediate crude futures: Read U. Metals futures trade on the values of gold, silver, copper, steel, palladium and platinum. The West Texas Intermediate (WTI) for October delivery increased 0. 26 per barrel, its highest closing price since mid-November. Brent crude futures rose 1% to $ 60. 9%, to settle at $55. The futures curve for Brent crude shifted from contango to backwardation in early September. 50 per barrel in New York. They are also the biggest contracts of a commodity in terms of volume. 10 a barrel on ICE Futures Europe, Lack of oil supplies from Ecuador could create some shortages at the West Coast in the short. This briefing will outline the hopes and downfalls of the potential futures market, followed by a discussion about its situation within the current energy industry. Brent crude and West Texas Intermediate futures were each lower by around 2 percent Wednesday morning with multiple factors at play. 81 dollars a barrel on the New. 23 ForexLive https://ift. Technical Analysis – West Texas Intermediate futures regain some ground above SMAs Posted on August 7, 2018 at 10:29 am GMT. WTI (West Texas Intermediate) is a light, sweet crude oil blend. 19 per barrel. 21 per million. 67%, to $61. 51% early Tuesday to $58. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Oil analysts and traders said they were not sure if the shutdown will continue to raise U. 1 day ago · West Texas Intermediate Crude oil futures for December ended up $2. The West Texas Intermediate (WTI) price of oil, often a world reference price quoted in the media, averaged US$56. 32 per barrel in New. involves West Texas Intermediate, a particular grade of oil that has fairly low density and sulfur content that makes it relatively easy to refine. 54 per barrel. West Texas Intermediate futures, the benchmark for U. Risk capital is money that can be lost without jeopardizing ones' financial security or life style. The current month is updated on an hourly basis with today's latest value. 6%, to settle at a more than one-week low of $54. On April 13, 2007, the now-defunct Lehman Brothers released a study which claimed that West Texas Intermediate (WTI) Crude at Cushing is no longer an accurate gauge of world oil prices. com - West Texas Intermediate oil futures ended Friday\'s session higher, after data showed that the unemployment rate in. Nasdaq futures rose as revenue at Microsoft Corp. 19 per barrel. West Texas Intermediate (WTI) crude CLc1 futures were up 89 cents, or 1. 70 at the close formal trading on the NYMEX. Futures Knowledge Explains West Texas Intermediate Crude - WTI. 15 a barrel at 10:12 a. Oil contracts The futures contract for Brent crude, which expires in March next year, is currently trading around R125 higher than the futures contract on West Texas Intermediate. Crude Oil Rises to 2-1/2 Year High; West Texas Futures Hit $61. equity futures swung from gains to losses and back again on Thursday amid multiple headlines from China on the trade war. The two dominant contracts are West Texas Intermediate, traded in New York City; and Brent, which trades on the ICE Futures Europe exchange in London. 1 day ago · West Texas Intermediate Crude oil futures for December ended up $2. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. The S&P GSCI Crude Oil Total Return Index reflects the returns that are potentially available through an unleveraged investment in the West Texas Intermediate (WTI) crude oil futures contract plus the Treasury Bill rate of interest that could be earned on funds committed to the trading of the underlying contracts. Some of the topics that will be covered are: Safe Investments, Types of Investments, Online Commodity Trading, Futures Contracts, Forex Investing, Forex Accounts, FX Trader, Options Trading for Dummies, Options Futures Derivatives, and NOW after months of in. West Texas Intermediate hasn't traded at that level in nearly a month. 10 a barrel on ICE Futures Europe, Lack of oil supplies from Ecuador could create some shortages at the West Coast in the short. In contrast, WCS is a heavy crude oil with an API gravity level of 20. equivalent West Texas Intermediate (WTI) crude futures contract traded on the CME/NYMEX. 26 per barrel, its highest closing price since mid-November. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by FT and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions. Iran’s oil minister said his country has no intention of cutting output. 25 lower than the August, 2018 price of $68. ’s disappointing forecast. The views contained here may not represent the views of GoldSeek. As a result, the price of crude (West Texas Intermediate) dropped almost 5 percent. Get crude oil prices with live charts from Investing. WTI crude oil futures settle at $56. Futures trend traders tend to make money as markets are trending, which is generally less than 30 percent of the time, but they experience frequent and expensive stop outs in a sideways trading environment. West Texas Intermediate Crude oil futures for November ended down $1. - Page 7 of 8 - Pour Point °C 45 LAGOMEDIO Characteristic Units Typical Value API Gravity °API 31. 57/Bbl on ICE Futures Europe. Skip to Content E and the critical role West Texas Intermediate plays within them. 7 million barrels of daily crude production or 50% of the kingdom’s oil output. 28 a barrel, while U. 81 a barrel on the New York Mercantile Exchange. discounted West Texas prices outgained neighboring regions Monday. WTI hit a high of $64. 63 per cent, to Rs 3,750 per barrel with a business volume of 18,388 lots, on the Multi Commodity Exchange (MCX). countryeconomy. Pricing WTI. 19—the narrowest since July 20, 2018, according to Dow Jones Market Data. 8% to trade at $59. West Texas Intermediate (WTI) crude futures were up 15 cents, or 0. 3 percent, from their last settlement at $45. Land locked production and supply chain, limits the flow of crude through to the global market. Only risk capital should be used for trading. New Delhi: Crude oil prices rose 0. Crude oil futures fall on low demand. Oil ebbs as China's slowest GDP growth in almost 3 decades stokes demand fears 18 Oct, 2019, 07. China Regulators Complete Final 'Drill' In Preparation For Petro-Yuan Futures Trading to Brent or West Texas Intermediate: Overseas oil producers and traders. this is a big deal And a major provocation!. US and European equity futures declined, while shares in Asia were mostly lower. 2 cessation of trading o. In today’s blog, we delve into the differences between the two new futures contracts for West Texas Intermediate (WTI) crude delivered to Houston and ponder the market implications of these new hedging and trading tools. 88 a barrel on the New York Mercantile Exchange. The benchmark crude oil price in North America is West Texas Intermediate (“WTI”). Gold futures. On April 13, 2007, the now-defunct Lehman Brothers released a study which claimed that West Texas Intermediate (WTI) Crude at Cushing is no longer an accurate gauge of world oil prices. It also trades on the InterContinental Exchange and the New York Mercantile Exchange. Crude Oil Rises to 2-1/2 Year High; West Texas Futures Hit $61. The news brought a positive reaction from oil markets with Brent closing on $60. 36 per cent to Rs 3,855 per. As a result, the price of crude (West Texas Intermediate) dropped almost 5 percent. benchmark West Texas Intermediate (WTI) crude. The West Texas Intermediate Light Sweet Crude Oil futures contract is cash settled against the prevailing market price for US light sweet crude. 51 per barrel and the price of an ounce of gold rose 0. Several new pipelines are also being proposed in the U. 27, or about 0. com Toggle navigation. A Quick Word on Futures. -China trade deal eased conce. PTI | June 06, 2019, 13:53 IST. 65: 1986 Jan-13 to Jan-17: 25. ASTM 2892 standard was implemented for the distillation of this crude oil. 15 a barrel at 10:12 a. In 2006, ICE Futures Europe began offering West Texas Intermediate (WTI) crude futures on its electronic platform, a move that ultimately forced it competitor NYMEX to adopt a fully electronic trading platform from the CME Group. NYMEX WTI Crude Oil Calendar Swap Futures Swap Dealers Short Positions is at a current level of 62103. As the largest energy consumer China is interested in having oil contracts in yuan. West Texas Intermediate for February delivery rose 78 cents to $61. December Brent crude, the global benchmark, fell 45 cents, or 0. West Texas Intermediate crude for December delivery lost 85 cents, or 1. The price of a barrel of oil has been sliding at the start of this week and West Texas Intermediate crude is currently down 1. CME Group said Monday that it is launching a West Texas Intermediate futures contract with physical delivery to Houston, underscoring the rising importance of the city to energy markets. Commodity futures prices / quotes and market snapshots that are updated continuously during trading hours. The ICE contracts shifting from London to the US do not include the biggest North American oil futures such as benchmark West Texas Intermediate crude, heating oil and gasoline futures, the. For example, if you buy West Texas Intermediate (WTI) crude oil futures at a $55 with a three month expiration, regardless of the price movement of the underlying, when the contract settles you pay $55. Futures Knowledge Explains West Texas Intermediate Crude - WTI. 1, earlier this week. This is the world's most liquid forum for crude oil trading, according to NYMEX. 1% lower relative to a basket of its major trading partners. Live crude oil prices in USA, OPEC, Mexico, Europe and Asia, Historical oil price charts. View our daily Crude Oil and Futures charts - click here » Back to Commodities ». Futures Trading. sanctions on Iran and Venezuela, tightened global supplies. In this paper, we study the auto-correlations and cross-correlations of West Texas Intermediate (WTI) crude oil spot and futures return series employing detrended fluctuation analysis (DFA) and detrended cross-correlation analysis (DCCA). 10 a barrel. This suggests investor indecision and impending volatility. Crude Oil Prices Charts. US and European equity futures declined, while shares in Asia were mostly lower. OPEC, a group of 14 of the most powerful oil exporting countries, use Brent. 23 ForexLive https://ift. Wrapping things upCopy; The CME uses an electronic system called GLOBEX where you trade the futures on when you execute the Crude Oil futures contract. After hovering near a one and two week high for most of the session on Friday, U. Monday, after Texaco confirmed that the pipeline had been closed, West Texas Intermediate crude in the spot market and on New York Mercantile Exchange's energy futures complex rose 20 cts a barrel. Stay up to date with real-time crude oil futures prices, historical data, news & analysis. West Texas Intermediate (WTI), also known as Texas light sweet, represents local fundamentals for crude oil in the U. 79 a barrel, up 9 cents. With the New Futures Initiative, Center for Independent Futures developed a step-by-step process that gives families the ability to open doors to supported living options in their own neighborhoods. The CBOE Crude Oil Volatility Index (ticker symbol OVX). Prices: The front-month futures price for Brent crude oil settled at $57. 95 per barrel. Crude oil futures fall on low demand Crude oil for delivery in June contract was trading lower by 0. West Texas Intermediate for February delivery rose 78 cents to $61. West Texas Intermediate futures skyrocketed more than 11% to trade at $61. 20 per barrel, 5 cents below their last settlement. West Texas Intermediate crude oil futures fell $1. WTI lost 3. US West Texas Intermediate (WTI) crude futures were down 1. Find the latest Crude Oil Dec 19 (CL=F) stock quote, history, news and other vital information to help you with your stock trading and investing. Load More Articles. Keen investors are usually interested in oil prices. Treasuries and European bonds climbed. The benchmark futures contract for crude oil in the U. Once in Excel, you can analyze, visualize and back-test the data. Two Kinds of Traders. 71 per barrel (b) on October 3, 2019, a decrease of 55 cents/b from September 3. The price of oil is the most important value on the international commodity markets. November 01, 2019 commodities, Globally, West Texas Intermediate was 0. 81 on the London-based ICE Futures Europe Exchange. 57 per cent to USD 63. The monthly auction process will allow customers who purchase an ICE Permian WTI crude futures contract, deliverable at Magellan's East Houston terminal (MEH), the option to load crude directly. NEW YORK: Oil futures were near flat on Thursday after recovering from the day's worst losses that came when U. Get the latest information of future markets of Metals, Energies, Grains, Indices, Softs, Meats, Rates, Currencies. The front-month futures price for West Texas Intermediate (WTI) crude oil for delivery at Cushing, Oklahoma, decreased by $1. Prices: The front-month futures price for Brent crude oil settled at $57. Western Texas Intermediate: The Western Texas Intermediate (WTI), also known as Texas light sweet, is a light crude oil low in wax and sulphur content which makes it light and sweet. to hold inventories even when the futures market is backwardated. Welcome to WTI Crude Oil Futures. 87 per barrel Aug. 49/b during the same period, settling at $52. Calendar for Crude Oil Futures - West Texas Intermediate ; Futures: Starting date: Closing date: WEST TEXAS INTERMEDIATE US October 19 (USOil1019) 14. 48 a barrel while U. Gold Futures Shine, but EIA Reports Fail to Help Crude Oil, Natural Gas End-of-the-year profit-taking and position-squaring helped U. ICE, its Affiliates and Magellan and its Affiliates make no warranties, express or implied, and hereby disclaim all warranties of merchantability or fitness for a particular purpose or use with respect to the applicable Permian West Texas Intermediate (WTI) Crude Oil Future contract or any data generated therefrom or used to derive valuations. The benchmark crude oil price in North America is West Texas Intermediate (“WTI”). US crude oil futures WTI (West Texas Intermediate) crude oil () (USO) futures contracts for June delivery rose 0. Get in-depth information about Crude Oil WTI Futures including Price, Charts, Technical Analysis, Historical data, Reports and more. West Texas Intermediate provides the benchmark price for oil that is refined in North America. West Texas Intermediate Crude oil futures for November ended down $1. Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Brent crude futures soared $7. 06 a barrel. S&P 500 futures ES00, -0. Brent crude futures rose 9 cents to $60. Crude Oil Futures Contract on the CME. 20 a barrel. 1 per cent, to $53. At times of low market risk and highly liquid markets West Texas Intermediate and copper. 27, or about 0. The news brought a positive reaction from oil markets with Brent closing on $60. benchmark crude oil, tumbled to $21. 07 a barrel. In the biggest spike seen since 1991, West Texas Intermediate Light Sweet Crude Oil futures pushed as high as 15. Low sulfur crude is also known as Sweet crude. Futures prices are, therefore, very sensitive to anything that affects the regional supply-demand balance in the Midwest (PADD 2) as Cushing’s falls under the Midwest reporting region. This grade is described as light crude oil because of its relatively low density, and sweet because of its low sulfur content. Analysts said raising of bets by participants kept crude prices higher in futures trade here. Brent crude futures fell 0. crude oil inventories and production also supported prices, traders said. The simplest answer is to just look for oil on a commodities market. Intercontinental Exchange, Inc. Blue Line Futures. Analysts said the fall in crude oil futures was mostly due to trimming of positions by traders amid weak global cues. 24% from one year ago. 72 per barrel by 3. The contract is. Free intra-day Light Crude Oil (Pit) Futures Prices / Light Crude Oil (Pit) Quotes. Brent crude originates from four oilfields in the North Sea (Brent, Forties, Oseberg, and Ekofisk). US West Texas Intermediate (WTI) crude futures fell 0. Oil posted its biggest ever intraday jump to more than $71 a barrel. 78 per barrel, while West Texas Intermediate firmed up 0. These crudes are favored because they can produce valuables, such as gas and diesel, due to low sulfur content. 34 a barrel. 20 a barrel. The West Texas Intermediate Light Sweet Crude Oil futures contract is cash settled against the prevailing market price for US light sweet crude. The Henry Hub natural gas benchmark spot price was $2. The Chinese oil futures contract is, however, being taken seriously by multinational commodity traders (like Glencore) and is priced in a manner comparable to the Brent and West Texas Intermediate. As a result of the intensifying industry concern regarding this market volatility, Purvin & Gertz, Inc was engaged to prepare a report that describes the Midcontinent and U. Oil price charts for Brent Crude, WTI & oil futures. com - West Texas Intermediate oil futures ended Friday\'s session higher, after data showed that the unemployment rate in. Brent crude futures shed $1. 2 Cushing is the delivery point for the NYMEX West Texas Intermediate crude contract and a. SPEAKER 1: So, most energy commodities, most energy futures contracts, are traded through exchanges run by this company called the CME Group. WTI Crude Price Futures. Globally, the West Texas Intermediate was trading up 0. The source for financial, economic, and alternative datasets, serving investment professionals. This is the world's most liquid forum for crude oil trading, according to NYMEX. West Texas Intermediate Crude (WTI) Month-End Prices | Units: USD/Barrel | 1946 - Present | Nominal and Real Data | Source: EIA, BLS | Format: CSV. The Chinese have announced the launch of a gold-backed, yuan-denominated oil futures contract. July 22, 2019. 51 per cent to USD 54. Analysis PUBLISHED - Oct 28, 2019. West Texas Intermediate is a high quality grade of oil that is used to produce low sulphur gasoline and diesel. West Texas Intermediate (WTI) crude futures fell 88 cents, or 1. com is for your general information and use only and is not intended to address your particular requirements. 48 a barrel while U. be traded on a month against month basis, as well as quarteragainst-quarter and less commonly, year against year. crude oil inventories and production also supported prices, traders said. It also trades on the InterContinental Exchange and the New York Mercantile Exchange. West Texas Intermediate crude oil futures for November ended up $1. 20 per barrel, 5 cents below their last settlement. Crude oil futures gain on domestic demand ajit. The pricing for West Texas Intermediate crude is refreshingly simple when compared to Brent. Crude futures are primarily traded on West Texas Intermediate (out of Cushing, OK) and Brent (out of London, UK). Oil is a commodity, so it's not really a symbol. به نظر میرسد نفت همچنان به روند نزولی خود ادامه بدهد به خصوص این که افت اخیر دلار در هفته گذشته در این حرکت. 10 a barrel. It's the same as for coffee, sugar, oranges, cattle, pigs, corn, wheat, etc; you just look for the name of the commodity. Wrapping things upCopy; The CME uses an electronic system called GLOBEX where you trade the futures on when you execute the Crude Oil futures contract.