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Brent Crude Oil Penultimate Financial  Futures
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Description

Brent Crude Oil (Financial) futures are outright crude oil contracts between a buyer and seller. They are based on a light sweet North Sea crude oil that serves as an international benchmark grade. Learn More...

Brent Crude Oil Penultimate Financial Futures
Product Symbol BB
Venue CME Globex, CME ClearPort
Hours
(All Times are New York Time/ET)		 CME Globex 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)
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)
Contract Unit 1,000 barrels
Price Quotation U.S. dollars and cents per barrel
Minimum Fluctuation $0.01 per barrel
Floating Price The Floating Price is equal to the Brent Crude Oil (ICE) Futures 1st nearby contract settlement price on the penultimate trading day for the delivery month.
Termination of Trading Trading shall cease one business day prior to the termination of the Brent futures contract, i.e., two business days before the fifteenth calendar day prior to the first day of the delivery month, if the fifteenth calendar day is not a holiday or weekend in London. If the fifteenth calendar day is a holiday or weekend in London, trading shall end three business days prior to the last business day preceding the fifteenth calendar day.
Listed Contracts Current year and next 8 consecutive calendar years.
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 692
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.