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About Crude Oil
CL tracks the value of 1 barrel of West Texas Intermediate (WTI) Light Sweet Crude Oil. WTI serves as a primary global benchmark for oil prices due to its high quality (low density, low sulfur).
On Aster (AsterDex), CL is a synthetic perpetual market. Aster quotes it independently of every other venue CoinBeaver tracks, so its mark price, funding rate and open interest are its own.
CL is listed as an Aster synthetic perpetual market. Prices track traditional-asset exposure synthetically and do not represent ownership of the underlying shares, ETFs, commodities, or cash instruments. Educational market data only — not investment advice.
Sector tags: Energy, Commodities.
Frequently Asked Questions
- Does trading CL give me a claim on any physical oil?
- No. CL is a synthetic perpetual with no delivery mechanism — there is no physical crude oil backing the contract and no way to take delivery of it. It gives price exposure only.
- In what unit and currency is CL's price quoted?
- WTI crude oil is conventionally priced in U.S. dollars per barrel in global benchmark markets, and CL's price follows that same USD-per-barrel convention.
- How is CL different from other names, like BRENTOIL?
- CL tracks WTI, the U.S. benchmark crude grade priced off West Texas supply and demand. BRENTOIL, by contrast, tracks the global benchmark grade produced in the North Sea, which typically trades at a premium to WTI and reflects broader international oil-market conditions.
- CL on Aster is a synthetic perpetual market that tracks the value of 1 barrel of West Texas Intermediate (WTI) Light Sweet Crude Oil. It trades on Aster, so you can gain long or short exposure without holding the physical commodity.
- CL on Aster is a synthetic perpetual market that tracks the value of 1 barrel of West Texas Intermediate (WTI) Light Sweet Crude Oil. It trades on Aster, so you can gain long or short exposure without holding the physical commodity.
- Can CL's price on Aster differ from the price on other venues?
- Yes. Aster quotes CL independently of every other venue CoinBeaver tracks, so its mark price, funding rate, and open interest are its own. The price on Aster can therefore differ from the same instrument on another venue.
- What does an independent quote on Aster mean in practice?
- It means CL's price on Aster is set by activity on Aster itself — its mark price, funding rate, and open interest reflect Aster's own market rather than being copied from another venue's feed.
Related instruments
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