Asset Class Navigation

Brent CFD: Dated Brent (Platts) vs. Brent Third Month (Platts) Weekly Futures Contract Specs

Product Symbol CFC
Venue CME Globex, CME ClearPort, Open Outcry (New York)
Hours
(All Times are New York Time/ET)
CME Globex: Sunday – Friday 6:00 p.m. – 5:15 p.m. New York time/ET (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
Open Outcry: Monday – Friday 9:00 AM to 2:30 PM (8:00 AM to 1:30 PM CT)
Contract Unit 1,000 barrels
Price Quotation U.S. Dollars and Cents per barrel
Minimum Fluctuation $0.001 per barrel
Floating Price The Floating Price for each Brent CFD (Platts) vs. Brent Third Month (Platts) Weekly Futures contract is the arithmetic average of the mid-point between the high and low quotations from Platts Crude Oil Marketwire for Dated Brent minus the arithmetic average mid-point between the high and low quotations from Platts Crude Oil Marketwire for the third month Brent cash price, for each business day that both prices are determined during the specified contract week.The floating price reflects data published during a specified calendar week, from Monday to Friday inclusive.The same calendar month reference shall be used for all days of the week, and shall be determined as the first month reference published on the Monday of the specified week (or would have been published had publication taken place on that Monday). The Floating Price is calculated using the common pricing convention. In calculating the spread differential, the monthly average for each component leg of the spread shall be calculated by using only the common trading days in the month between the two component legs, followed by the calculation of the spread differential between the two averages.
Termination of Trading The contract shall terminate at the close of trading on Friday of the contract week. If such Friday is a UK holiday, the contract will terminate on the UK business day immediately prior to the last Friday of the contract month unless such day is not an Exchange business day, in which case the contract shall terminate on the Exchange business day immediately prior.
Listed Contracts CME Globex: 1 consecutive month
CME ClearPort and Open Outcry: The current calendar week and the next twelve consecutive calendar weeks
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 1146
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.