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https://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude.html
Welcome to WTI Crude Oil Futures. Whether you are a new trader looking to get started in futures, or an experienced trader looking for a better way to hedge crude oil, NYMEX WTI Light Sweet Crude Oil futures are the most efficient way to trade today’s global oil markets. Discover Crude Oil Futures
https://www.cmegroup.com/trading/energy/nymexs-physically-delivered-light-sweet-crude-oil-futures-faq.html
NYMEX announced it will amend the quality specifications in Rule Chapter 200 of its physically-delivered Light Sweet Crude Oil futures contract effective Tuesday, January 2, starting with deliveries against the January 2019 contract month and beyond.
https://en.wikipedia.org/wiki/Delivery_point_(futures_trading)
In a futures contract where the underlying is a physical object, such as grain or oil, the price of the futures contract is quoted assuming delivery of that physical object to a specific physical location in the world. For instance, natural gas futures in the United States usually have the Henry Hub as a delivery point, and gold may have a delivery point of New York or London.
https://www.investopedia.com/terms/d/delivery-point.asp
May 31, 2018 · Delivery Point: In futures contracts, the delivery point is the place where the commodity will be delivered; the chosen location will have an effect on the net delivery price/cost. The price of ...
https://www.marketwatch.com/investing/future/crude%20oil%20-%20electronic
CL.1 A complete Crude Oil WTI (NYM $/bbl) Front Month futures overview by MarketWatch. View the futures and commodity market news, futures pricing and futures trading.
https://www.e-education.psu.edu/ebf301/node/589
So, if you buy or sell crude oil contracts on NYMEX for a particular month, you are obligated to either receive the crude oil or deliver the crude oil at Cushing, Oklahoma. The delivery point for the NYMEX Crude Oil contract is the Cushing Hub in Cushing, OK, USA.
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