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E-mini Crude Oil Futures Contract Specs

Code QM
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)
Open Outcry: Monday - Friday 9:00 AM to 2:30 PM (8:00 AM to 1:30 PM 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)
Contract Unit 500 barrels.
Pricing Quotation U.S. dollars and cents per barrel.
Minimum Fluctuation $0.025 per barrel
Maximum Daily Price Fluctuation Trading halts and price limits for this contract are subject to the provisions governing Special Price Fluctuation Limits for NYMEX Light Sweet Crude Oil Futures contract set forth in Chapter 200.
Floating Price The Floating Price for each contract month will be equal to the Light Sweet Crude Oil Futures contract final settlement price for the corresponding contract month on the last trading day for the E-mini Crude Oil Futures contract month.
Termination of Trading Trading in the current delivery month shall cease on the business day immediately preceding to the last day of trading in the current delivery month of the NYMEX Light Sweet Crude Oil futures contract.
Listed Contracts Current year and 5 calendar years
Position Limits NYMEX Position Limits
Rulebook Chapter NYMEX Rulebook Chapter 401
Settlement Type Financial
Settlement Procedure Daily E-mini Crude Settlement Procedure(PDF)
Final E-mini Crude Settlement Procedure (PDF)
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.

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