CME Group Announces Record Micro WTI Crude Oil Futures Volume in November

US derivatives giant CME Group announced that the Micro WTI Crude Oil futures volume on November 4 hit a record of 151,131, breaking the previous record of 100,725 contracts set on November 3, 2021.

On the same day, Micro WTI Crude Oil futures volume surpassed 5 million contracts.

“With demand returning to pre-pandemic levels and uncertainty around supply, Micro WTI Crude Oil futures are helping a broader range of clients access these markets in a more efficient way,” said Peter Keavey, Global Head of Energy at CME Group. “We are pleased with the strong client interest we are seeing for these smaller-sized contracts across the globe, which is reflective of the vital role WTI serves in the market today. We look forward to continuing to provide the transparency and price discovery traders need to effectively manage their exposure to crude oil.”

Micro WTI futures are one-tenth the size of the company’s global benchmark WTI Crude Oil futures contract and are listed on and subject to the rules of NYMEX. With these contracts, market participants – from institutions to sophisticated, active, individual traders – will be able to fine-tune exposure to crude oil markets and enhance their trading strategies in an efficient, cost-effective way.

CME Group announced recently a 10-year strategic partnership with Google Cloud​, in order to boost its move to the cloud and transform global derivatives markets through technology.