CFTC Considers Blocking CME's 24/7 Oil Contract Bid
By Nicola M White and Mia Gindis
Bloomberg News
Friday, June 12, 2026
The U.S. Commodity Futures Trading Commission is considering whether to block CME Group Inc.’s bid to launch a round-the-clock oil contract, heightening tensions between the market stalwart and its regulator.
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CME Group Inc. announced Thursday that it would debut 24-hour, seven-days-a-week trading in some crude and gold futures contracts. The news caught the U.S. derivatives regulator by surprise, according to a senior agency official who asked not to be identified discussing confidential deliberations.
Round-the-clock trading may not be suitable for crude oil because it could worsen already extreme volatility during periods of geopolitical stress, the official said, adding those concerns may justify withholding approval for the contract. ...
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