Marina Lubimova
A later delayed quote showed Crude Oil WTI (OIL) at $101.09, down $2.57, or 2.48%.
- Settlement: $101.79/bbl
- Change: −$1.87 / −1.81%
- Later quote: $101.09/bbl
- Later change: −$2.57 / −2.48%
WTI Falls Further After Settlement
Crude Oil WTI at $101.09, down $2.57 (-2.48%), according to delayed market data.
| Market reading | Price | Change |
| Previous settlement | ~$103.66 | — |
| Futures settlement | $101.79 | −$1.87 / −1.81% |
| Later quote | $101.09 | −$2.57 / −2.48% |
The later quote was $0.70 below the official settlement and only $1.09 above the $100 level.
Contract Impact
Standard NYMEX WTI futures represent 1,000 barrels.
At $101.79 per barrel, one contract has a notional value of:
$101.79 × 1,000 = $101,790
The $1.87 settlement decline equals:
$1.87 × 1,000 = $1,870 per contract
At the later $101.09 quote, the decline from the previous settlement widens to:
$2.57 × 1,000 = $2,570 per contract
| Move | Per barrel | Per contract |
| Settlement decline | −$1.87 | −$1,870 |
| Later quoted decline | −$2.57 | −$2,570 |
WTI Futures Specifications
| Specification | Value |
| Contract | Light Sweet Crude Oil |
| Ticker | CL |
| Exchange | NYMEX / CME Group |
| Contract size | 1,000 barrels |
| Quote | USD per barrel |
| Minimum tick | $0.01/bbl |
| Tick value | $10 |
| Settlement | Physical delivery |
$100 Comes Into Focus
WTI moved from about $103.66 to $101.79 at settlement and then to $101.09 in the later quote. The latest price leaves crude just $1.09 above $100 per barrel, making that level the next key threshold for the market.
Marina Lubimova
