---
title: "CFTC to block CME's plan for 24/7 crude oil futures trading"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292221024.md"
datetime: "2026-07-09T15:45:45.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292221024.md)
  - [en](https://longbridge.com/en/news/292221024.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292221024.md)
generator: "portal-rs"
---

# CFTC to block CME's plan for 24/7 crude oil futures trading

July 9 (Reuters) - The U.S. Commodity Futures Trading Commission (CFTC) said on Thursday it would exercise its authority to stay the listing of a contract that would have allowed CME Group (CME.O) to initiate 24⁄7 trading on crude oil futures as soon as Friday.

The move comes after CME sought to self-certify the contract on July 8, despite an ongoing public comment period on the extension of standard futures contracts to round-the-clock trading, including crude oil.

CME Group, the world’s leading derivatives marketplace, had announced in June that it would offer 24⁄7 trading in some crude and gold futures contracts, pending regulatory review.

CFTC Chairman Michael Selig said the commission was still examining whether 24⁄7 trading of futures contracts on various asset classes was consistent with its statutory Core Principles.

“We do not take a one-size-fits-all approach to 24⁄7 trading,” Selig added in a statement.

The commission said its regulations offer exchanges two methods to list contracts — self certification and seeking a review and approval. “CME made simultaneous, but separate filings under both provisions.”

CFTC said it would conduct a thorough review of the product filings and bar CME from listing such contracts before determining they comply with the Commodity Exchange Act and Commission regulations.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**