Asset Class Navigation

Brent Crude Oil Calendar Spread Quarterly Strip Options Contract Specs

Contract Unit 3 consecutive futures beginning with the underlying month of the option contract.
Minimum Price Fluctuation $0.01 per barrel
Price Quotation U.S. Dollars and Cents per barrel
Trading Hours Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Product Code CME Globex: BQP
CME ClearPort: BQP
Clearing: BQP
Listed Contracts Quarterly contracts listed fos 4 consecutive quarters
Termination Of Trading Trading terminates 1 business day prior to the first contract of the underlying future.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 827
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strike Price Listing and Exercise Procedures Table
Exercise Style European (Exercise only on Expiration)
Settlement Method Deliverable
Underlying Brent Financial Futures