CME Group Suspends Plans to Launch 24/7 10-Barrel Crude Oil Contract
PR Newswire•02/10/2026•16:00 ET
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Key Highlights
- ➤CME Group (CME) suspends planned launch of 24/7 10-Barrel Crude Oil futures contract
- ➤CME withdraws filing after industry participants cite potential unintended marketplace risks
- ➤CME sought CFTC-regulated alternative to existing around-the-clock oil contracts
Expert Statements
Terry Duffy, Chairman and Chief Executive of CME Group
“Providing efficient, regulated markets that allow our clients to cost-effectively manage business risk is always our top priority at CME Group”
Terry Duffy, Chairman and Chief Executive of CME Group
“We created and planned to launch a 10-Barrel oil contract to provide a transparent, regulated alternative to the 24/7 oil contracts that other venues have introduced in the marketplace.”
Terry Duffy, Chairman and Chief Executive of CME Group
“We had hoped to provide a safer, more transparent alternative, within the U.S. jurisdiction and CFTC oversight.”
Terry Duffy, Chairman and Chief Executive of CME Group
“Therefore, we are withdrawing our filing to launch this product at this time.”
Terry Duffy, Chairman and Chief Executive of CME Group
“We hope the CFTC will address the inequity, reestablish the level playing field that has made U.S. financial markets the envy of the world, and ensure all derivatives products meet the standards the law requires, in compliance with the core principles of the Commodity Exchange Act.”
CME Group Suspends Plans to Launch 24/7 10-Barrel Crude Oil Contract PR Newswire
CHICAGO, Oct. 2, 2026 /PRNewswire/ -- Today, CME Group provided the following statement about its plans to suspend launch of a new 10-Barrel Crude Oil futures contract:
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