The INE lists 12 consecutive monthly followed by 8 quarterly crude 

futures contracts, spanning a period of three years. In comparison, 

time length of contract months of overseas oil futures contracts 

generally is much longer. For example, 96 consecutive monthly 

contracts of Brent Crude futures are listed on ICE. For CME WTI 

futures, monthly contracts are listed for the current year and the 

next 10 calendar years and 2 additional contract months; and a 

new calendar year and 2 additional contract months will be added 

following the termination of trading in the December contract 

of the current year. For DME Oman futures, consecutive months 

are listed for the current year and the next five years and a new 

calendar year will be added following the termination of trading in 

the December contract of the current year.

Considering the fact of the illiquidity of far-month contracts in 

China’s futures market, the time-length of contract months of 

the crude oil futures is set at 3-year long in the beginning phase. 

It will be adjusted by INE going forward in response to market 

developments and investors’ needs.

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