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They are deliverable https://www.cmegroup.com/trading/energy/crude-oil/light-swee...

That's no the contract in which IBKR has lost money.

These are: QM NYMEX, and WTI ICE. Both cash-settled.

CL is not cash settled, it is physical delivery. It is traded on NYMEX.

IBKR doesn't allow to trade CL in the day of settlement, only cash-settled contracts:

QM - https://www.cmegroup.com/trading/energy/crude-oil/emini-crud...

WTI - https://www.theice.com/products/213/WTI-Crude-Futures

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