Why did the CFTC block CME's plan to launch 24/7 crude oil futures trading?

The CFTC blocked CME's plan because it exercised its authority to stay the listing of the contract, citing that CME had sought to self-certify it on July 8 while a public comment period on extending standard futures contracts—including crude oil—to round-the-clock trading was still ongoing; the Commission stated it would conduct a thorough review to determine whether the product filings comply with the Commodity Exchange Act and Commission regulations before allowing listing.

What regulatory pathways did CME use to attempt to list the 24/7 crude oil futures contract?

CME made simultaneous but separate filings under both of the CFTC’s available contract-listing methods: self-certification and formal review and approval—prompting the CFTC to intervene and bar listing until compliance with statutory requirements is confirmed.

CFTC Blocks CME's Plan for 24/7 Crude Oil Futures Trading

Jul 9, 2026

The U.S. Commodity Futures Trading Commission (CFTC) blocked CME Group's plan to list 24/7 crude oil futures contracts, citing a need for thorough review against statutory Core Principles and regulations.

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CFTC Blocks CME's Plan for 24/7 Crude Oil Futures Trading

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