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Brent CFD: Dated Brent (Platts) vs. Brent Third Month (Platts) Weekly 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. - 5:15 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. 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)
Minimum Price Fluctuation $0.001 per barrel
Product Code CME Globex: CFC
CME ClearPort: CFC
Clearing: CFC
Listed Contracts The current calendar week and the next twelve consecutive calendar weeks
Settlement Method Financially Settled
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.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1146
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing