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Argus WTI Formula Basis Calendar Month Futures Contract Specs

Contract Unit 1,000 barrels
Price Quotation U.S. Dollars and Cents per barrel
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
CME ClearPort: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Minimum Price Fluctuation $0.01 per barrel
Product Code CME Globex: 39
CME ClearPort: 39
Clearing: 39
Listed Contracts 36 consecutive months
Settlement Method Financially Settled
Floating Price  The Floating Price for each contact month is equal to the arithmetic average of the Argus Sour Crude Index ("ASCI") (1st month) outright price from Argus Media for each business day that it is determined during the contract month.
Termination Of Trading Trading shall cease at the close of trading on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 225
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing