Contract Specifications:CL,NYMEX | Trading Unit: | 1,000 U.S. barrels (42,000 gallons) | | Tick Size: | $0.01 (1¢) per barrel ($10 per contract) | | Quoted Units: | US $ per barrel | | Initial Margin: | $9,788 Maint Margin: $7,250 | | Contract Months: | Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov, Dec | | First Notice Day: | Two business days after last trading day. | | Last Trading Day: | Trading terminates at the close of business on the third business day prior to the 25th calendar day of the month preceding the delivery month. | | Trading Hours: | Open outcry trading is conducted from 10:00 A.M. until 2:30 P.M. Electronic Trading on CME Globex - Sun thru Fri 6:00 PM to 5:15 PM | | Daily Limit: | $10.00 per barrel ($10,000 per contract) | |