Energy Center crude oil futures use physical delivery, the world's most influential two crude oil futures, WTI use physical delivery; ICE Brent crude oil futures use the Brent index for cash delivery, the reason for the use of cash delivery, mainly relying on the North Sea developed crude oil spot market, as well as by the spot. The numerous derivatives of Brent crude derived from the cargo market. According to statistics, about 70% or even up to 80% of the crude oil spot trade in the world uses Brent price system as the basis for pricing. Therefore, Brent index based on spot price is authoritative and can be recognized and accepted by the market.

But in our country, the crude oil trade needs operation license, cannot circulate freely, there is no price basis for cash delivery. At the same time, Chinese futures market focuses on serving the real economy, physical delivery can ensure that futures do not leave the spot market.

From the point of view of bonded and duty paid, crude oil futures are bonded. On the one hand, although Chinese crude oil cannot circulate freely, but there is a certain amount of bonded trade in Chinese coastal and surrounding countries; on the other hand, it is also the target international, international crude oil trade prices are tax-free prices.

From the point of view of warehouse delivery and storage delivery, crude oil futures use warehouse delivery, because the current energy center does not set up a storage abroad, and several deliverable oils are mostly Middle East crude oil, there is no concept of crude oil storage.

According to the different trading periods of crude oil futures contracts, it is allowed to carry out physical delivery by the way of converting future to spot. If both parties adopt the method of converting future to spot, they should declare in advance and pair up successfully.

能源中心原油期货采用实物交割，国际上最具影响力的两个原油期货，WTI 采用实物交割；而 ICE 的布伦特原油期货采用布伦特指数进行现金交割，之所以能够采用现金交割，主要是依托英国北海发达的原油现货市场，以及由现货市场衍生出的众多布伦特原油衍生品。据统计，国际上大约有 70%甚至高达 80%的原油现货贸易采用布伦特价格体系作为定价依据。因此，依托现货价格编制的布伦特指数具有权威性，能够被市场认可和接受。

但在我国境内，原油贸易需要经营许可，不能自由流通，也就不存在用于现金交割的价格基础。同时，我国期货市场注重于服务实体经济，实物交割能够保证期货不脱离现货市场。
从保税和完税来看，原油期货采用保税交割。一方面，虽然我国境内原油不能自由流通，但我国沿海及周边国家保税贸易存在一定的量；另一方面，也是对标国际，国际上原油贸易的价格均是不含税的价格。
从仓库交割和厂库交割来看，原油期货采用仓库交割，因为目前能源中心没有在境外设库，而几个可交割油种大多是中东原油，也就不存在原油厂库的概念。
根据原油期货合约交易的不同时段，允许进行期转现方式进行实物交割，交割双方采用期转现方式的，应提前申报并配对成功。

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