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Energy
Energy markets fuel many of the world’s economies and impact every nation.
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Energy markets fuel many of the world’s economies and impact every nation. Futures contract on crude oil, refined products, natural gas, power, biofuels and coal can help industry participants to manage risks and harness potential of this rapidly changing arena.
Energy markets are volatile because it is easily sparked by geopolitical issues globally. The major factors that affect the market price for this type of commodity are supplies, weather, and seasonal cycle.
Contract Specifications:
WTI Crude oil futures are the West Texas Intermediate, (WTI) or light sweet crude oil that is stored and distributed in Cushing, Oklahoma and has long been a benchmark for oil prices.
| Exchange | NYMEX |
| Code | CL |
| Contract Multiplier | 1,000 barrels |
| Min Price Fluctuation | $ 0.01 |
| Value Per Tick | $ 10.00 |
| Settlement | Physical Delivery |
TRADING HOURS(Malaysia Time, GMT +8)
New York Mercantile Exchange (NYMEX)
Monday through Saturday : 7.00 a.m. – 6.00 a.m. (Next Day)
Note: Daylight saving starts one hour earlier in the U.S.
E-mini Crude oil futures contracts are half the size of the full size WTI Crude Oil contract that consists of the West Texas Intermediate, (WTI) or light sweet crude oil that is stored and distributed in Cushing, Oklahoma and has long been a benchmark for oil prices.
| Exchange | NYMEX |
| Code | QM |
| Contract Multiplier | 500 barrels |
| Min Price Fluctuation | $ 0.025 |
| Value Per Tick | $ 12.50 |
| Settlement | Cash Settled |
TRADING HOURS(Malaysia Time, GMT +8)
New York Mercantile Exchange (NYMEX)
Monday through Saturday : 7.00 a.m. – 6.00 a.m. (Next Day)
Note: Daylight saving starts one hour earlier in the U.S.
With exports growing to Europe, South America and Asia, NYMEX Henry Hub Natural Gas futures (ticker symbol NG) have become the global price benchmark for trading natural gas. Today the contract provides one of the most cost-efficient ways to manage risk in the highly volatile natural gas market. What Is Henry Hub? Henry Hub refers to the central delivery location (or, hub) located near the Louisiana’s Gulf Coast, connecting several intrastate and interstate pipelines. Henry Hub has been used as a pricing reference for the futures since April 1990.
| Exchange | NYMEX |
| Code | NG |
| Contract Multiplier | 10,000 mmBtu |
| Min Price Fluctuation | $ 0.001 |
| Value Per Tick | $ 10.00 |
| Settlement | Physical Delivery |
TRADING HOURS(Malaysia Time, GMT +8)
New York Mercantile Exchange (NYMEX)
Monday through Saturday : 7.00 a.m. – 6.00 a.m. (Next Day)
Note: Daylight saving starts one hour earlier in the U.S.
RBOB futures is based on reformulated gasoline blend-stock for oxygen blending, or RBOB, which is also another way of saying unleaded gas, one of the most used commodities in the world.
| Exchange | NYMEX |
| Code | RB |
| Contract Multiplier | 42,000 gallons |
| Min Price Fluctuation | $ 0.0001 |
| Value Per Tick | $ 4.20 |
| Settlement | Physical Delivery |
TRADING HOURS(Malaysia Time, GMT +8)
New York Mercantile Exchange (NYMEX)
Monday through Saturday : 7.00 a.m. – 6.00 a.m. (Next Day)
Note: Daylight saving starts one hour earlier in the U.S.
| Exchange | NYMEX |
| Code | HO |
| Contract Multiplier | 42,000 gallons |
| Min Price Fluctuation | $ 0.0001 |
| Value Per Tick | $ 4.20 |
| Settlement | Physical Delivery |
TRADING HOURS(Malaysia Time, GMT +8)
New York Mercantile Exchange (NYMEX)
Monday through Saturday : 7.00 a.m. – 6.00 a.m. (Next Day)
Note: Daylight saving starts one hour earlier in the U.S.
| Exchange | NYMEX |
| Code | BZ |
| Contract Multiplier | 1,000 barrels |
| Min Price Fluctuation | $ 0.01 |
| Value Per Tick | $ 10.00 |
| Settlement | Cash Settled |
TRADING HOURS(Malaysia Time, GMT +8)
New York Mercantile Exchange (NYMEX)
Monday through Saturday : 7.00 a.m. – 6.00 a.m. (Next Day)
Note: Daylight saving starts one hour earlier in the U.S.
Source: CME Group Website