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Contract Unit | 1,000 barrels | ||||
Price Quotation | U.S. dollars and cents per barrel | ||||
Trading Hours | CME Globex: | Sunday - Friday 6:00 p.m. - 5:00 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) | CME ClearPort: | 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) | |
Minimum Price Fluctuation | $0.001 per barrel | ||||
Product Code | CME Globex: AFECME ClearPort: FEClearing: FE | ||||
Listed Contracts | Monthly contracts listed for 3 consecutive months. | ||||
Settlement Method | Financially Settled | ||||
Floating Price | The Floating Price for each contract month is equal to the balance-of-month arithmetic average of the high and low quotations from the Platts Crude Oil Marketwire for Dated Brent minus the Brent Crude Oil (ICE) Futures first nearby contract settlement price starting from the selected start date through the end of the contract month, inclusively (using Common pricing). The settlement price of the first nearby Brent Crude Oil (ICE) Futures contract month will be used except on the last day of trading for the expiring Brent Crude Oil (ICE) Futures contract when the settlement price of the second nearby contract month will be used. The settlement price of the first nearby Brent Crude Oil (ICE) Futures contract month will be used except on the last day of trading for the expiring Brent Crude Oil (ICE) Futures contract when the settlement price of the second nearby contract month will be used. |
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Termination Of Trading | Trading shall cease on the last business day of the contract month. | ||||
Position Limits | NYMEX Position Limits | ||||
Exchange Rulebook | NYMEX 831 | ||||
Block Minimum | Block Minimum Thresholds | ||||
Vendor Codes | Quote Vendor Symbols Listing |
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