29-May-2024 | 83.1300

24-May-2024 17:00

Lac Crs 416.04 | Tn $ 5.01

24-May-2024

Login to

You will be redirected to
another link to complete the login

Feedback
Login to Mutual Fund, NCFM

WTI Crude Oil


Crude Oil Derivatives (Brent and WTI) are the highest traded product in the Commodities market space.

Crude Oil is a naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials. A type of fossil fuel, crude oil can be refined to produce usable products such as gasoline, diesel and various forms of petrochemicals. It is a non-renewable resource, which means that it can't be replaced naturally at the rate we consume it and is, therefore, a limited resource.

WTI Crude oil is a specific grade of crude oil and one of the main three benchmarks in oil pricing, along with Brent and Dubai Crude. WTI is known as a light sweet oil because it contains between 0.24% and 0.34% sulfur, making it "sweet," and has a low density (specific gravity), making it "light."

WTI is the underlying commodity of the New York Mercantile Exchange's (NYMEX) oil futures contract and is considered a high-quality oil that is easily refined.

NSE WTI Crude Oil Brochure

Factors affecting Market fundamentals

  • OPEC & Non-OPEC Decisions & Broadcasts
  • US Crude Inventories
  • Economic factors: Recession, Inflation & Crisis
  • Speculation, Hedging & Investment
  • Geopolitical actions
  • Weather
  • Global Economic Growth & Trade Policies

Crude Oil is used in the following industries

 

  • Oil Marketing/Refining Companies    
  • Glass Manufacturers
  • Transport / Aviation    
  • Lubricants
  • Petro-Chemical industry    
  • FMCG
  • Industrial Power    
  • Paint Manufacturers
  • Plastics Industry    
  • Rubber / Tyre Manufacturers

Industry Exposure

NSE WTI Crude Oil Specifications - Futures and Options on Futures

WTI CRUDE OIL Regular
LOT SIZE 100 Barrel
SYMBOL WTICRUDE
QUOTATION

₹ Per 1 Barrel

CONTRACT CYCLE Monthly contracts
TRADING SESSION

Monday - Friday 9:00 am to 11:30 / 11:55 pm*

* Based on US daylight saving time period

SETTLEMENT

Futures: Cash Settled

Options: On NSE WTI Crude Oil Futures

DUE DATE RATE(DDR) / FINAL SETTLEMENT PRICE (FSP)

Futures: Due date rate (FSP) shall be the settlement price, in Indian rupees, of the New York Mercantile Exchange’s (NYMEX)# Crude Oil (CL) front month contract on the last trading day of the NSE WTI Crude Oil contract. The last available RBI USDINR reference rate will be used for the conversion. The price so arrived will be rounded off to the nearest tick.

Options: Daily settlement price of underlying futures contract on the expiry day of options contract.

 

Disclaimer

CME GROUP MARKET DATA IS USED UNDER LICENSE AS A SOURCE OF INFORMATION FOR CERTAIN NSE PRODUCTS. CME GROUP HAS NO OTHER CONNECTION TO NSE PRODUCTS AND SERVICES AND DOES NOT SPONSOR, ENDORSE, RECOMMEND OR PROMOTE ANY NSE PRODUCTS OR SERVICES. CME GROUP HAS NO OBLIGATION OR LIABILITY IN CONNECTION WITH THE NSE PRODUCTS AND SERVICES. CME GROUP DOES NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF ANY MARKET DATA LICENSED TO NSE AND SHALL NOT HAVE ANY LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN.  THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN CME GROUP AND NSE.

Updated on: 08/05/2024