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Dubai Crude Oil (Platts) Financial Futures Contract Specs

Product Symbol CME Globex: DCB
Clearing: DC
Venue CME Globex, CME ClearPort, Open Outcry (New York)
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)
Open Outcry: Monday – Friday 9:00 AM to 2:30 PM (8:00 AM to 1:30 PM CT)
Contract Unit 1,000 barrels
Price Quotation U.S. Dollars and Cents per barrel
Minimum Fluctuation $0.001 per barrel
Floating Price The Floating Price for each contract month is equal to the arithmetic average of the Platts Dubai Frontline mean ("Assessment") for each business day that it is determined during the contract month. The Platts prices to be used are found in Platts media or any accepted Platts product and the timing is end of day New York.

For purposes of determining the Floating Price, the Platts Dubai Frontline mean will be rounded each day to the nearest cent.
Termination of Trading Trading shall cease on the last London and Singapore business day of the contract month.
Listed Contracts CME Globex: 18 months
CME ClearPort and Open Outcry: Current year plus next 5 years
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 511
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.