Market reference update: Contract examples below may be historical. See the official exchange resources for current listings and terms.
Crude Oil futures are standardized, exchange-traded contracts in which the contract buyer agrees to take delivery, from the seller, a specific quantity of crude oil (eg. 1000 barrels) at a predetermined price on a future delivery date.
Exchange and contract information
Contract availability, lot size, quotation units, exercise style and settlement are product-specific. Use the current official resources below; historical contracts named in older examples should not be assumed to be listed today.
Official futures market resources
Use the exchange pages for current contract specifications and margin information. Quotes may be delayed or require sign-in. Margin requirements vary by position and broker.
| Exchange & futures product | Market information | Margin information |
|---|---|---|
| NYMEX WTI Crude Oil (CL) | Quotes / market data Contract specifications | View margin information |
| NYMEX Brent Last Day Financial (BZ) | Quotes / market data Contract specifications | View margin information |
| TOCOM Platts Dubai Crude Oil | JPX quotes directory Contract specifications | View margin information |
For Japanese quotes, open the JPX directory and select the relevant OSE or TOCOM service.
Exchange references reviewed 2026-09-12. Educational examples and exchange names elsewhere in this article may be historical.
WTI Crude Oil Price Chart — CFD Reference
OANDA WTI Crude Oil CFD reference price. This broker CFD (contract for difference) is a market reference, not a spot price or an exchange futures contract. Prices and quoting units may differ from the contracts described in this guide. Check the widget timestamp and market status; prices may be delayed.
Crude Oil Futures Trading Basics
Consumers and producers of crude oil can manage crude oil price risk by purchasing and selling crude oil futures. Crude Oil producers can employ a short hedge to lock in a selling price for the crude oil they produce while businesses that require crude oil can utilize a long hedge to secure a purchase price for the commodity they need.
Crude Oil futures are also traded by speculators who assume the price risk that hedgers try to avoid in return for a chance to profit from favorable crude oil price movement. Speculators buy crude oil futures when they believe that crude oil prices will go up. Conversely, they will sell crude oil futures when they think that crude oil prices will fall.
Learn More About Crude Oil Futures & Options Trading
- Buying Crude Oil Futures to Profit from a Rise in Crude Oil Prices
- Selling Crude Oil Futures to Profit from a Fall in Crude Oil Prices
- Crude Oil Options Basics
- Crude Oil Call Option Trading Basics
- Crude Oil Put Option Trading Basics
- Hedging Against Rising Crude Oil Prices with Crude Oil Futures
- Hedging Against Falling Crude Oil Prices with Crude Oil Futures
