CL - WTI Crude Oil Futures
NYMEX WTI Crude Oil futures (CL): the global benchmark for North American crude oil pricing, settling against physically deliverable barrels at Cushing, OK.
- Sector
- Energy Futures
- Industry
- Energy Futures
- Exchange
- NYMEX
CL Options Snapshot
Options pricing data for CL is refreshed daily after the close. When listed contracts exist, this page surfaces the latest at-the-money implied volatility, max pain strike, dealer gamma exposure (GEX), and 25-delta skew. Listed contracts and live snapshots appear once the options chain has been published by the exchange for the most recent session.
What This Page Covers
The CL overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks.
Frequently asked CL overview questions
- What is CL?
- CL is the ticker symbol for WTI Crude Oil Futures, a listed futures contract. NYMEX WTI Crude Oil futures (CL): the global benchmark for North American crude oil pricing, settling against physically deliverable barrels at Cushing, OK. Listed on NYMEX. CL is the listed futures symbol shown on this page; futures traders use the contract for directional exposure, hedging the underlying instrument, and as the delivery instrument for options-on-futures structures.
- What are CL's key statistics?
- WTI Crude Oil Futures (CL) carries a NYMEX-listed WTI Crude Oil Futures contract with a $1000 per dollar point value and $0.01 per barrel tick. Full contract specifications including settlement convention, tick size, and curve term-structure context are on the contract reference block above. Options-on-futures pricing references these spec fields directly via the multiplier and exchange contract rules.
- What does the CL futures curve look like?
- CL represents the WTI Crude Oil Futures contract root on the NYMEX, a Energy Futures listing. The full curve consists of multiple monthly (and occasionally quarterly) expirations stretching out the calendar; analytics on this page reference the front-month listing by default while the per-contract pages cover specific listed months. Each listed month carries its own implied-volatility surface, open-interest distribution, and basis to the underlying. The front-month contract typically dominates volume; back-month listings price the term structure of the underlying's expected volatility and (for physically-delivered contracts) the carry between spot and forward.
- How current is the CL data on this page?
- Options snapshots refresh after each trading session; if no snapshot is currently posted for CL, it usually reflects low options liquidity or a recently listed name. Contract specifications come from the listing exchange (CME / CBOT / NYMEX / COMEX / CFE) and do not change over the life of the contract once listed. Options-on-futures data, when available, refreshes after each trading session. There is no equity-style FINRA reporting or sell-side analyst coverage for futures contracts.