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US Regulator Eyes 24/7 Oil Contract Ban

13 Jun

Summary

A new oil-linked contract release is scheduled for August 30.
The US Commodity Futures Trading Commission is reviewing the contract.
Regulatory review could block CME Group's round-the-clock oil contract.

The US Commodity Futures Trading Commission (CFTC) is currently evaluating a new oil-linked contract proposed by CME Group Inc. This contract is slated for release on August 30, but its launch is contingent upon receiving regulatory approval.

The core of the issue lies in the CFTC's consideration of whether to block CME Group's bid to introduce a round-the-clock oil contract. This regulatory scrutiny is intensifying the dynamic between the major market player and the commission, raising questions about the future of continuous oil trading. The outcome of this review will be crucial for CME Group and the broader oil market.

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