CME Group plans to offer 24/7 WTI crude oil and gold contracts.

CoinFeed reported on June 12th, citing Bloomberg, that the Chicago Mercantile Exchange Group (CME Group) announced plans to launch 24/7 trading of WTI crude oil and gold contracts. The new crude oil contract will be one-tenth the size of the existing micro-WTI futures contract and is scheduled to launch on August 30th; 24/7 trading of the 1-ounce gold contract will begin on July 26th. Both contracts are subject to regulatory review, will be cash-settled, and will be listed on the New York Mercantile Exchange (NYMEX) and the New York Mercantile Exchange (COMEX), respectively. This move comes amid the growing popularity of 24/7 trading on platforms like Hyperliquid, and a surge in trading volume for crude oil-related products due to increased volatility in the energy market caused by the Iran war. Previous reports indicated that the Intercontinental Exchange (ICE) and the CME had pressured US regulators to restrict offshore platforms. Binance has also recently begun offering 24/7 commodity trading.