Why is the CFTC considering blocking CME’s proposed 24/7 oil futures contract?

The CFTC is considering blocking CME’s bid because a senior agency official expressed concern that round-the-clock trading in crude oil futures may worsen already extreme volatility during periods of geopolitical stress, and those concerns may justify withholding approval for the contract.

What are the key details of CME’s new 24/7 oil and gold futures contracts?

CME plans to launch a new oil-linked contract on August 30 that is one-tenth the size of the existing Micro WTI futures contract, and will begin 24-hour, seven-days-a-week trading in 1-ounce gold futures on July 26; both products require regulatory review by the CFTC.

CFTC Considers Blocking CME’s 24/7 Oil Contract Bid

Jun 12, 2026

The US Commodity Futures Trading Commission may block CME Group's bid for round-the-clock oil futures trading due to volatility risks. The proposed contract, one-tenth the size of Micro WTI, is slated for release on August 30 pending regulatory review.

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