CFTC Considers Blocking CME’s 24/7 Crude Oil Contract Launch Plan

According to Bloomberg, the U.S. Commodity Futures Trading Commission (CFTC) is considering blocking the Chicago Mercantile Exchange (CME Group)’s plan to launch around-the-clock crude oil and gold futures contracts. CME previously announced it would launch 24-hour, seven-days-a-week crude oil and gold futures contracts—a move that reportedly caught the CFTC off guard, escalating tensions between the two parties.