The US CFTC urgently called for a halt to the listing of CME crude oil futures contracts trading 24/7.

On July 9th local time, the U.S. Commodity Futures Trading Commission announced that it would exercise its authority to urgently suspend a self-certified compliant contract that allowed the Chicago Mercantile Exchange to launch around-the-clock trading of crude oil futures starting as early as tomorrow. Prior to this, on June 22nd, the CFTC had initiated a public comment period to assess the appropriateness of expanding standard futures contracts to around-the-clock trading. However, despite the public comment period not yet being completed and the risk of around-the-clock trading not complying with the Commodity Exchange Act and related regulations, CME still attempted to self-certify the contract on July 8th. In response, the CFTC announced that it would suspend the listing of the contract based on relevant regulations.