E mini Light Sweet Crude Oil
E mini Light Sweet Crude Oil Meaning:
In commodity market terminology, E- mini Light Sweet Crude Oil refers to a financial futures contract of half of the normal New York Mercantile Exchange�s (NYMEX) size of 1000 barrels or 500 barrels of light sweet crude oil of the West Texas Intermediate benchmark.
In commodity market terminology, E- mini Light Sweet Crude Oil refers to a financial futures contract of half of the normal New York Mercantile Exchange�s (NYMEX) size of 1000 barrels or 500 barrels of light sweet crude oil of the West Texas Intermediate benchmark.
The futures are traded on the GLOBEX and ClearPort electronic trading platforms of the Chicago Mercantile Exchange and through open outcry Monday thru Friday on the floor of the NYMEX exchange. The symbol for the E-mini Light Sweet Crude Oil futures contract is QM.