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macroJul 9, 2026, 4:33 PM

CFTC Chair Calls CME's 24/7 Crude Oil Futures Self-Certification 'Wholly Inappropriate'

CFTC Chair Mike Selig stated that CME's self-certification of a 24/7 crude oil futures contract is inappropriate, and the regulator will stay the contract.

CFTC Chair Mike Selig has publicly opposed CME's decision to self-certify a 24/7 crude oil futures contract, calling the move "wholly inappropriate."

The regulator intends to stay the contract, preventing it from proceeding under the current self-certification process. No further details on the CFTC's reasoning or timeline for the stay have been provided.

Source: Cointelegraph