What are crude oil (CL) futures?
WTI Light Sweet Crude Oil Futures (CL) are publicly traded standardized contracts traded on the New York Mercantile Exchange (NYMEX). Each CL contract represents 1,000 barrels of oil, or 42,000 gallons. West Texas Intermediate (WTI) oil, also known as Light Sweet Crude, has long been a benchmark for oil prices. Why trade crude oil futures? … Read more