Woofun AI reports that the CFTC intends to block the Chicago Mercantile Exchange’s application for immediate listing of 24/7 crude oil futures. Regulators cite concerns that the energy market lacks readiness for such derivative volume. CME previously argued for continuous trading to allow position management during news events. The commission plans to reject the self-certification submission, which allowed only a one-day review window. CFTC Chairman Michael Siler has recently consulted with executives from Shell, Vitol, BP, and ExxonMobil. A separate application for the same product remains under a standard 45-day regulatory review.