CME to Launch Smaller Crude Oil and Gold Futures with 24/7 Trading, Effective August 30 and July 26

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According to CME, on June 11, the exchange announced plans to launch smaller-sized crude oil and gold futures contracts with 24/7 trading, pending regulatory approval. The new crude oil contract will be one-tenth the size of CME's existing micro WTI contract and will launch on August 30, while 24-hour trading for its 1-ounce gold futures will begin on July 26. Both contracts will be cash-settled on NYMEX and COMEX, respectively.

CME's micro WTI crude oil futures showed strong demand, with average daily volume of 272,000 contracts in May—up 317% year-over-year. Its 1-ounce gold futures, introduced in January 2025, reached average daily volume of 90,000 contracts in 2026.

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