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DME Oman Crude Oil vs. Dubai (Platts) Swap 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: DPO
CME ClearPort: DPO
Clearing: DPO
Listed Contracts CME Globex: 1 month
CME ClearPort: 36 consecutive months
DEFAULT 36 consecutive months
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is the arithmetic average of the DME Oman Crude Oil Futures first nearby contract settlement price calculated as of 16:30 (Singapore time) minus the mid-point of the high and low quotations from the Platts Oilgram Price Report for Dubai Crude Oil for each business day during the contract month (using non-common pricing).
Termination Of Trading Trading shall cease on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 340
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing