Futures vs Options googlen!
Am besten selber googlen.
Quick Links:
Kontrakt Spezifikation: https://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude_contract_specificat...
Settlement Procedure: https://www.cmegroup.com/confluence/display/EPICSANDBOX/NYMEX+Crude+Oil
Noch quicker:
Light Sweet Crude Oil (CL) futures are physically delivered upon expiration. For additional details on delivery, please see the NYMEX Rulebook (Chapter 200)