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Contract specifications
- Product
- Crude Oil WTI (CL)
- Exchange
- NYMEX
- Year
- 2028
- Deliveries listed
- 12
- First of the year
- CLF8 (Dec 21, 2027)
- Last of the year
- CLZ8 (Nov 21, 2028)
- Tick size
- 0.01
- Tick value
- $10.00
- Point value
- $1,000.00
Every CL delivery listed in 2028
CL trades 12 delivery months in 2028 (F, G, H, J, K, M, N, Q, U, V, X, Z). Dates are computed from the exchange rule rather than stored. The engine counts Monday to Friday and holds no CME holiday table, so a date next to a public holiday can be one day off the exchange calendar.
The letter in a contract symbol is its delivery month: F = January, G = February, H = March, J = April, K = May, M = June, N = July, Q = August, U = September, V = October, X = November, Z = December. The digit that follows is the year.
| Contract | Delivery | Last trading day | Default rolls on |
|---|---|---|---|
| CLF8 | Jan 2028 | Dec 21, 2027 | Dec 17, 2027 |
| CLG8 | Feb 2028 | Jan 20, 2028 | Jan 16, 2028 |
| CLH8 | Mar 2028 | Feb 22, 2028 | Feb 18, 2028 |
| CLJ8 | Apr 2028 | Mar 21, 2028 | Mar 17, 2028 |
| CLK8 | May 2028 | Apr 20, 2028 | Apr 16, 2028 |
| CLM8 | Jun 2028 | May 22, 2028 | May 18, 2028 |
| CLN8 | Jul 2028 | Jun 20, 2028 | Jun 16, 2028 |
| CLQ8 | Aug 2028 | Jul 20, 2028 | Jul 16, 2028 |
| CLU8 | Sep 2028 | Aug 22, 2028 | Aug 18, 2028 |
| CLV8 | Oct 2028 | Sep 20, 2028 | Sep 16, 2028 |
| CLX8 | Nov 2028 | Oct 20, 2028 | Oct 16, 2028 |
| CLZ8 | Dec 2028 | Nov 21, 2028 | Nov 17, 2028 |
The rule that sets these dates
Trading terminates 3 business days prior to the 25th calendar day of the month prior to the contract month. If the 25th is not a business day, trading terminates 3 business days prior to the last business day preceding the 25th.
When the volume moves between these months
Energy contracts expire monthly, so the roll is a routine of every month rather than every quarter. Volume leaves the expiring month several sessions before its last trading day, and the spread between the two months widens as it does.
What one tick of CL is worth
The minimum price fluctuation is 0.01, which is $10.00 per contract on a multiplier of 1000. A full point is $1,000.00. These are the values the app itself trades on, so the rows of a CL footprint and the P&L on a CL position come from the same numbers.
Related pages
- CL — Light Sweet Crude Oil (WTI)
- CLF8
- CLG8
- CLH8
- Contract roll
- Futures month codes
- Front month contract
- Tick value
- Roll yield
- Continuous contract
In the same section
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Frequently asked questions
- When do CL futures expire in 2028?
- CL has 12 listed deliveries in 2028. The first last trading day is December 21, 2027 and the last is November 21, 2028. The table above gives every month in between.
- How many CL contracts are listed in 2028?
- 12, on the delivery month codes F, G, H, J, K, M, N, Q, U, V, X, Z.
- Which CL contract should I be trading?
- The one carrying the volume, which is usually the nearest delivery that has not reached its roll date. Compare the traded volume and open interest of the two nearest months rather than going by the last trading day alone.