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What is the Ticker symbol for crude oil?

A:

Quick Answer

The ticker symbol for light, sweet, crude oil is CL on the New York Mercantile Exchange, according to the CME Group. CL is only a prefix to be followed by codes for specific oil purchases, such as "G16," indicating February 2016.

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Full Answer

Crude oil is traded as commodity futures, explains Investopedia. Each purchase constitutes a contract culminating in the delivery of a product, thousands of barrels of oil, at a predetermined time. Investors wishing to trade crude with no intention of taking physical ownership may do so through a number of stock-like financial products that reward investors who own shares in collective holdings, notes CommodityHQ

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