US regulators propose to block CME's 24/7 oil contract from rapid listing

ForesightNewsJul 9, 2026
#Crypto Stocks
According to JIN10 Data, the U.S. Commodity Futures Trading Commission (CFTC) plans to block CME Group's (CME) application to quickly list 24/7 oil contracts, citing concerns that the energy market is not yet ready for a large influx of round-the-clock derivatives contracts.

CME stated in June that it planned to offer 24/7 trading for a 10-barrel futures contract tied to WTI crude oil, citing investor desire to manage their positions "whenever news breaks." On Wednesday, CME submitted a self-certification application for the new product, meaning the CFTC has only one day to intervene, or the contract will be available for trading.

According to people familiar with the matter, the CFTC plans to block CME's self-certification. CFTC Chairman Michael Selig has met with executives from energy companies such as Shell, Vitol, BP, and ExxonMobil in recent weeks. Another application submitted by CME for the same product, which requires a 45-day review period, is still under regulatory review.

[Foresight News]

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US regulators propose to block CME's 24/7 oil contract from rapid listing

ForesightNewsJul 9, 2026
#Crypto Stocks
According to JIN10 Data, the U.S. Commodity Futures Trading Commission (CFTC) plans to block CME Group's (CME) application to quickly list 24/7 oil contracts, citing concerns that the energy market is not yet ready for a large influx of round-the-clock derivatives contracts.

CME stated in June that it planned to offer 24/7 trading for a 10-barrel futures contract tied to WTI crude oil, citing investor desire to manage their positions "whenever news breaks." On Wednesday, CME submitted a self-certification application for the new product, meaning the CFTC has only one day to intervene, or the contract will be available for trading.

According to people familiar with the matter, the CFTC plans to block CME's self-certification. CFTC Chairman Michael Selig has met with executives from energy companies such as Shell, Vitol, BP, and ExxonMobil in recent weeks. Another application submitted by CME for the same product, which requires a 45-day review period, is still under regulatory review.

[Foresight News]

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