CFTC Considers Blocking CME’s 24/7 Oil Contract Bid

The US Commodity Futures Trading Commission is considering blocking CME Group Inc.’s bid to launch a round-the-clock oil contract, increasing tensions between the regulator and the market stalwart. While continuous trading could reshape global energy markets by offering real-time responses to geopolitical events, the proposal raises systemic and regulatory concerns. The CFTC is currently reviewing the 24-hour oil contract proposal to determine if it should be permitted or blocked to ensure market stability.