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Wu Says that the U.S. Commodity Futures Trading Commission (CFTC) announced it would suspend the Chicago Mercantile Exchange (CME) from launching 24/7 crude oil futures trading contracts through self-certification. CFTC Chairman Michael Selig stated that regulators are still evaluating whether implementing around-the-clock trading across different asset classes complies with the Commodity Exchange Act and core regulatory principles, and that it is "completely inappropriate" for CME to advance the product during the public comment period. The CFTC will continue to review the product under the formal approval process, and CME may not list the relevant contracts until the review is complete. Previously, CME had planned to launch a mini crude oil futures contract trading 24 hours a day, 7 days a week in August this year, in line with the trend of around-the-clock trading.