CME Group announced the launch of six new West Texas Intermediate (WTI) Houston (Argus) Crude Oil futures contracts. These new cash-settled futures will be available for trading on CME Globex and for submission for clearing via CME ClearPort effective Feb. 8, 2016, pending all relevant regulatory review periods. This contract will be listed with and subject to the rules and regulations of NYMEX.

These contracts will all be listed for the current year plus three consecutive years. They are designed to complement CME Group's existing benchmark North American Crude Grade contracts and allow market participants to more accurately manage their risk exposure with the increasing volume of WTI traded in Houston. The contract size will be 1,000 barrels with minimum tick size of $0.01 per barrel.