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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 EdgeX, CL is a synthetic perpetual market. EdgeX runs its own book and funding schedule, so its mark price and open interest are quoted independently.
CL is listed as a EdgeX 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 EdgeX is a synthetic perpetual market that tracks the value of 1 barrel of West Texas Intermediate (WTI) Light Sweet Crude Oil. It trades on EdgeX, so you can gain long or short exposure without holding the physical commodity.
- CL on EdgeX is a synthetic perpetual market that tracks the value of 1 barrel of West Texas Intermediate (WTI) Light Sweet Crude Oil. It trades on EdgeX, so you can gain long or short exposure without holding the physical commodity.
- Can CL's price on EdgeX differ from the price on other venues?
- Yes. EdgeX runs its own book and funding schedule, so its mark price and open interest are quoted independently and can differ from the same instrument on another venue.
- What does it mean that EdgeX runs its own funding schedule?
- Funding is a periodic payment between long and short positions that keeps a perpetual's price anchored to its underlying. EdgeX sets and settles its own funding on its own schedule, so the funding rate on EdgeX can differ from the funding rate on other venues.
Related instruments
Other EdgeX markets sharing this asset's sectors.
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