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Oil’s negative-price plunge raises questions for futures giant CME Group

The exchange is home to the WTI futures contract, linked tightly to the physical oil market

Negative oil prices threaten to tarnish the image of West Texas Intermediate, the US crude benchmark, and hurt the company that has long relied on it as a key source of revenue: exchange giant CME Group.

Chicago-based CME is home to the WTI futures contract, which is a popular way for oil drillers to protect themselves against price drops or for hedge funds to speculate on the direction of energy markets.

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