Open Account

Energy Future
Contract Specifications

Oil Futures Contract Specifications

Crude Oil (WTI) Futures (CL)

  • Trading Symbol: CL
  • Contract Size: 1,000 barrels
  • Trading Hours: Sunday–Friday: 5:00 PM – 4:00 PM CT (next day)
  • Tick Size: $0.01 per barrel
  • Tick Value: $10.00 per contract ($0.01 × 1,000 barrels)
  • Settlement Method: Physically settled (crude oil delivery)
  • Initial Margin: $12,500 (as of April 2025, per CME Group, subject to change)
  • Maintenance Margin: $11,300 (as of April 2025, per CME Group, subject to change)
  • Contract Months: All months: Jan (F), Feb (G), Mar (H), Apr (J), May (K), Jun (M), Jul (N), Aug (Q), Sep (U), Oct (V), Nov (X), Dec (Z)
  • Exchange: CME Group (NYMEX)

Micro WTI Crude Oil Futures (MCL)

  • Trading Symbol: MCL
  • Contract Size: 100 barrels
  • Trading Hours: Sunday–Friday: 5:00 PM – 4:00 PM CT (next day)
  • Tick Size: $0.01 per barrel
  • Tick Value: $1.00 per contract ($0.01 × 100 barrels)
  • Settlement Method: Physically settled (crude oil delivery)
  • Initial Margin: $1,250 (as of April 2025, per CME Group, subject to change)
  • Maintenance Margin: $1,130 (as of April 2025, per CME Group, subject to change)
  • Contract Months: All months: Jan (F), Feb (G), Mar (H), Apr (J), May (K), Jun (M), Jul (N), Aug (Q), Sep (U), Oct (V), Nov (X), Dec (Z)
  • Exchange: CME Group (NYMEX)

Brent Crude Oil Futures (BZ)

  • Trading Symbol: BZ
  • Contract Size: 1,000 barrels
  • Trading Hours: Sunday–Friday: 5:00 PM – 4:00 PM CT (next day)
  • Tick Size: $0.01 per barrel
  • Tick Value: $10.00 per contract ($0.01 × 1,000 barrels)
  • Settlement Method: Physically settled (crude oil delivery)
  • Initial Margin: $11,800 (as of April 2025, per ICE Futures Europe, subject to change)
  • Maintenance Margin: $10,600 (as of April 2025, per ICE Futures Europe, subject to change)
  • Contract Months: All months: Jan (F), Feb (G), Mar (H), Apr (J), May (K), Jun (M), Jul (N), Aug (Q), Sep (U), Oct (V), Nov (X), Dec (Z)
  • Exchange: ICE Futures Europe

Oman Crude Oil Futures (OQD)

  • Trading Symbol: OQD
  • Contract Size: 1,000 barrels
  • Trading Hours: Sunday–Friday: 5:00 PM – 4:00 PM CT (next day)
  • Tick Size: $0.01 per barrel
  • Tick Value: $10.00 per contract ($0.01 × 1,000 barrels)
  • Settlement Method: Physically settled (crude oil delivery)
  • Initial Margin: $10,500 (as of April 2025, per DME/CME Group, subject to change)
  • Maintenance Margin: $9,500 (as of April 2025, per DME/CME Group, subject to change)
  • Contract Months: All months: Jan (F), Feb (G), Mar (H), Apr (J), May (K), Jun (M), Jul (N), Aug (Q), Sep (U), Oct (V), Nov (X), Dec (Z)
  • Exchange: Dubai Mercantile Exchange (traded via CME Globex)

Light Louisiana Sweet (LLS) Futures (AL)

  • Trading Symbol: AL
  • Contract Size: 1,000 barrels
  • Trading Hours: Sunday–Friday: 5:00 PM – 4:00 PM CT (next day)
  • Tick Size: $0.01 per barrel
  • Tick Value: $10.00 per contract ($0.01 × 1,000 barrels)
  • Settlement Method: Physically settled (crude oil delivery)
  • Initial Margin: $11,000 (as of April 2025, per CME Group, subject to change)
  • Maintenance Margin: $10,000 (as of April 2025, per CME Group, subject to change)
  • Contract Months: All months: Jan (F), Feb (G), Mar (H), Apr (J), May (K), Jun (M), Jul (N), Aug (Q), Sep (U), Oct (V), Nov (X), Dec (Z)
  • Exchange: CME Group (NYMEX)

Mars Crude Oil Futures (AO)

  • Trading Symbol: AO
  • Contract Size: 1,000 barrels
  • Trading Hours: Sunday–Friday: 5:00 PM – 4:00 PM CT (next day)
  • Tick Size: $0.01 per barrel
  • Tick Value: $10.00 per contract ($0.01 × 1,000 barrels)
  • Settlement Method: Physically settled (crude oil delivery)
  • Initial Margin: $11,000 (as of April 2025, per CME Group, subject to change)
  • Maintenance Margin: $10,000 (as of April 2025, per CME Group, subject to change)
  • Contract Months: All months: Jan (F), Feb (G), Mar (H), Apr (J), May (K), Jun (M), Jul (N), Aug (Q), Sep (U), Oct (V), Nov (X), Dec (Z)
  • Exchange: CME Group (NYMEX)

Natural Gas Futures Contract Specifications

Natural Gas Futures (NG)

  • Trading Symbol: NG
  • Contract Size: 10,000 million British thermal units (MMBtu)
  • Trading Hours: Sunday–Friday: 5:00 PM – 4:00 PM CT (next day)
  • Tick Size: $0.001 per MMBtu
  • Tick Value: $10.00 per contract ($0.001 × 10,000 MMBtu)
  • Settlement Method: Physically settled (natural gas delivery)
  • Initial Margin: $9,500 (as of April 2025, per CME Group, subject to change)
  • Maintenance Margin: $8,600 (as of April 2025, per CME Group, subject to change)
  • Contract Months: All months: Jan (F), Feb (G), Mar (H), Apr (J), May (K), Jun (M), Jul (N), Aug (Q), Sep (U), Oct (V), Nov (X), Dec (Z)
  • Exchange: CME Group (NYMEX)

E-mini Natural Gas Futures (QG)

  • Trading Symbol: QG
  • Contract Size: 2,500 million British thermal units (MMBtu)
  • Trading Hours: Sunday–Friday: 5:00 PM – 4:00 PM CT (next day)
  • Tick Size: $0.005 per MMBtu
  • Tick Value: $12.50 per contract ($0.005 × 2,500 MMBtu)
  • Settlement Method: Physically settled (natural gas delivery)
  • Initial Margin: $2,375 (as of April 2025, per CME Group, subject to change)
  • Maintenance Margin: $2,150 (as of April 2025, per CME Group, subject to change)
  • Contract Months: All months: Jan (F), Feb (G), Mar (H), Apr (J), May (K), Jun (M), Jul (N), Aug (Q), Sep (U), Oct (V), Nov (X), Dec (Z)
  • Exchange: CME Group (NYMEX)

Refined Products Futures

ULSD NY Harbor Futures (HO)

  • Trading Symbol: HO
  • Contract Size: 42,000 gallons (1,000 barrels)
  • Trading Hours: Sunday–Friday: 5:00 PM – 4:00 PM CT (next day)
  • Tick Size: $0.0001 per gallon
  • Tick Value: $4.20 per contract ($0.0001 × 42,000 gallons)
  • Settlement Method: Physically settled (ultra-low sulfur diesel delivery)
  • Initial Margin: $8,500 (as of April 2025, per CME Group, subject to change)
  • Maintenance Margin: $7,700 (as of April 2025, per CME Group, subject to change)
  • Contract Months: All months: Jan (F), Feb (G), Mar (H), Apr (J), May (K), Jun (M), Jul (N), Aug (Q), Sep (U), Oct (V), Nov (X), Dec (Z)
  • Exchange: CME Group (NYMEX)

E-mini ULSD NY Harbor Futures (QH)

  • Trading Symbol: QH
  • Contract Size: 21,000 gallons (500 barrels)
  • Trading Hours: Sunday–Friday: 5:00 PM – 4:00 PM CT (next day)
  • Tick Size: $0.0001 per gallon
  • Tick Value: $2.10 per contract ($0.0001 × 21,000 gallons)
  • Settlement Method: Physically settled (ultra-low sulfur diesel delivery)
  • Initial Margin: $4,250 (as of April 2025, per CME Group, subject to change)
  • Maintenance Margin: $3,850 (as of April 2025, per CME Group, subject to change)
  • Contract Months: All months: Jan (F), Feb (G), Mar (H), Apr (J), May (K), Jun (M), Jul (N), Aug (Q), Sep (U), Oct (V), Nov (X), Dec (Z)
  • Exchange: CME Group (NYMEX)

Gasoline RBOB Futures (RB)

  • Trading Symbol: RB
  • Contract Size: 42,000 gallons (1,000 barrels)
  • Trading Hours: Sunday–Friday: 5:00 PM – 4:00 PM CT (next day)
  • Tick Size: $0.0001 per gallon
  • Tick Value: $4.20 per contract ($0.0001 × 42,000 gallons)
  • Settlement Method: Physically settled (RBOB gasoline delivery)
  • Initial Margin: $9,000 (as of April 2025, per CME Group, subject to change)
  • Maintenance Margin: $8,200 (as of April 2025, per CME Group, subject to change)
  • Contract Months: All months: Jan (F), Feb (G), Mar (H), Apr (J), May (K), Jun (M), Jul (N), Aug (Q), Sep (U), Oct (V), Nov (X), Dec (Z)
  • Exchange: CME Group (NYMEX)

Ethanol Chicago Futures (CU)

  • Trading Symbol: CU
  • Contract Size: 42,000 gallons (1,000 barrels)
  • Trading Hours: Sunday–Friday: 5:00 PM – 4:00 PM CT (next day)
  • Tick Size: $0.001 per gallon
  • Tick Value: $42.00 per contract ($0.001 × 42,000 gallons)
  • Settlement Method: Physically settled (ethanol delivery)
  • Initial Margin: $2,500 (as of April 2025, per CME Group, subject to change)
  • Maintenance Margin: $2,300 (as of April 2025, per CME Group, subject to change)
  • Contract Months: All months: Jan (F), Feb (G), Mar (H), Apr (J), May (K), Jun (M), Jul (N), Aug (Q), Sep (U), Oct (V), Nov (X), Dec (Z)
  • Exchange: CME Group (NYMEX)