ICE Futures U.S.

Crude Diff - Argus WCS (Cushing) Crude Oil Trade Month Future

Crude Diff - Argus WCS (Cushing) Crude Oil Trade Month Future28659495


A cash settled future based on the Argus daily assessment price for WCS (Western Canadian Select) basis Cushing. The Argus WCS (Cushing) Crude Oil Trade Month Future is expressed as a differential to WTI Calendar Month Average (CMA NYMEX).

Market Specifications

Trading Screen Product Name
Crude Diff Futures
Trading Screen Hub Name
Argus WCS (Cushing)
Commodity Code
Contract Size
1,000 barrels
Unit of Trading
Any multiple of 1,000 barrels
US Dollars and cents
Trading Price Quotation
One cent ($0.01) per barrel
Settlement Price Quotation
One tenth of one cent ($0.001) per barrel
Minimum Price Fluctuation
One tenth of one cent ($0.001) per barrel
Last Trading Day
Trading shall cease at the close of trading on the last business day that falls on or before the 25th calendar day of the month prior to the contract month. If the 25th calendar day is a weekend or holiday, trading shall cease on the first business day prior to the 25th calendar day.
Floating Price
In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products
Final Settlement
In respect of final settlement, the Floating Price will be a price in USD and cents per barrel based on the average of the “Diff weighted average” quotations appearing in the “Argus Crude” report under the heading “US Gulf Coast and Midcontinent”, subheading “Midcontinent” for “WCS Cushing”, basis “CMA Nymex” for each business day (as specified below) in the determination period.
Contract Series
Up to 60 consecutive months
Final Payment Date
Two Clearing House Business Days following the Last Trading Day
Business Days
Publication days for Argus Crude
MIC Code
Clearing Venues

Trading Hours

New York7:50 PM - 6:00 PM*
19:50 - 18:00
7:40 PM
London12:50 AM - 11:00 PM*
00:50 - 23:00
12:40 AM
Singapore7:50 AM - 6:00 AM*
07:50 - 06:00
7:40 AM

*Next Day

Sunday Pre-Open 5:10 PM ET; Closed on Saturday


Clearing Admin Name
Am Crude Diffs
R&N A.C.N.