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Brent Crude Oil 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 $0.01 per barrel
Product Code CME Globex: BB
CME ClearPort: BB
Clearing: BB
TAS: BBT
Listed Contracts Monthly contracts are listed for the current year and the next 7 consecutive calendar years
Settlement Method Financially Settled
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 For contract months up to and including the February 2016 contract, 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. Effective with the March 2016 contract, the last trading day will be the business day preceding the last UK business day of the second month preceding the contract month, except for the business day preceding New Year's Day, where trading shall cease on the third UK business day preceding New Year's Day.
Settlement Procedures Brent Crude Oil Futures Settlement Procedures
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 692
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing