Asset Class Navigation

Brent Crude Oil BALMO 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: AJ9
CME ClearPort: J9
Clearing: J9
Listed Contracts One month and the following month for 10 business days prior to the start of the contract month
Settlement Method Financially Settled
Floating Price (A) The Floating Price for each contract month is equal to the balance-of-month arithmetic average of the ICE Brent Crude Oil Futures 1st nearby contract settlement prices, except as set forth in Section (B) below, starting from the selected start date through the end of the contract month, inclusive.

(B) The settlement price of the 1st nearby contract month will be used except on the last day of trading for the expiring Brent Crude Oil Futures contract when the settlement price of the 2nd nearby Brent Crude Oil Futures contract will be used.
Termination Of Trading Trading shall cease on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 481
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing