What Is the Ticker Symbol for Crude Oil?


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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