WTI crude oil futures

E74438

WTI crude oil futures are benchmark oil derivative contracts widely used for global crude pricing, hedging, and speculation, primarily traded on major exchanges such as CME Group’s NYMEX.

AI illustration

How this image was made

AI-generated illustration of WTI crude oil futures

This AI-generated illustration was produced by black-forest-labs/FLUX.2-dev (1024x1024) from a prompt written by openai/gpt-oss-120b from the entity's label + description.

Prompt

Generate an image of WTI crude oil futures (WTI crude oil futures are benchmark oil derivative contracts widely used for global crude pricing, hedging, and speculation, primarily traded on major exchanges such as CME Group’s NYMEX.)

All labels observed (6)

How this entity was disambiguated

Statements (49)

Predicate Object
instanceOf derivatives contract ⓘ
futures contract ⓘ
associatedIndex Bloomberg WTI Crude Oil Subindex ⓘ
S&P GSCI Crude Oil index ⓘ
benchmarkFor North American crude oil pricing ⓘ
global crude oil pricing ⓘ
clearing central counterparty clearing ⓘ
contractMonths consecutive monthly contracts ⓘ
contractUnit light sweet crude oil ⓘ
currency US dollar ⓘ
deliveryLocation Cushing, Oklahoma ⓘ
deliveryType physical delivery ⓘ
exchangeCode NYMEX ⓘ
linked to: CME Group
liquidity highly liquid ⓘ
listedBy CME Group ⓘ
mainRegulator Commodity Futures Trading Commission ⓘ
marginTrading yes ⓘ
marketRole global oil price benchmark ⓘ
priceDetermination exchange trading ⓘ
priceInfluences energy indices ⓘ
refined product pricing ⓘ
spot crude oil markets ⓘ
priceLimitMechanism exchange-defined price limits ⓘ
primaryContractSymbol CL ⓘ
qualitySpecification light crude oil ⓘ
sweet crude oil ⓘ
quotedIn US dollars per barrel ⓘ
referenceGrade West Texas Intermediate ⓘ
regulatorJurisdiction United States ⓘ
riskCategory commodity derivative ⓘ
sector energy ⓘ
settlementType physical ⓘ
standardContractSize 1000 barrels ⓘ
storageHub Cushing oil hub ⓘ
timeZoneForTrading US Central Time ⓘ
tradedOn CME Group ⓘ
New York Mercantile Exchange ⓘ
tradingVenueType regulated futures exchange ⓘ
underlyingAsset West Texas Intermediate crude oil ⓘ
underlyingRegion United States ⓘ
usedBy financial institutions ⓘ
hedge funds ⓘ
oil producers ⓘ
refiners ⓘ
trading firms ⓘ
usedFor arbitrage strategies ⓘ
hedging crude oil price risk ⓘ
speculation on crude oil prices ⓘ
volatility historically high ⓘ

How these facts were elicited

Referenced by (10)

Full triples — surface form annotated when it differs from this entity's canonical label.

CME → notableContract → WTI crude oil futures ⓘ
West Texas → knownFor → West Texas Intermediate crude oil benchmark ⓘ
linked to: WTI crude oil futures
WTI crude oil futures → underlyingAsset → West Texas Intermediate crude oil ⓘ
linked to: WTI crude oil futures
WTI crude oil futures → referenceGrade → West Texas Intermediate ⓘ
linked to: WTI crude oil futures
CME Group → hasKeyProduct → WTI crude oil futures ⓘ
New York Mercantile Exchange → hasNotableContract → WTI crude oil futures ⓘ
CL → refersTo → West Texas Intermediate crude oil futures ⓘ
linked to: WTI crude oil futures
CL → relatedContract → QM (E-mini WTI crude oil futures) ⓘ
linked to: WTI crude oil futures
S&P GSCI Crude Oil Index → usesFuturesContractType → WTI crude oil futures ⓘ
subject linked to: S&P GSCI Crude Oil index
Bloomberg WTI Crude Oil Subindex → tracks → West Texas Intermediate crude oil futures ⓘ
linked to: WTI crude oil futures