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Brent (Singapore Marker) 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)
Open Outcry: Monday - Friday 9:00 a.m. - 2:30 p.m. New York time/ET (8:00 a.m. - 1:30 p.m. Chicago Time/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: IBS
CME ClearPort: IBS
Open Outcry: IBS
Clearing: IBS
Listed Contracts CME Globex: 1 month
CME ClearPort and Open Outcry: 18 consecutive months
Default 18 consecutive months
Settlement Method Financially Settled
Floating Price (A) The Floating Price for each contract month is the arithmetic average of the ICE Brent Crude Oil Futures first nearby contract marker price using the one minute Singapore marker price, except as noted in (B) below.

(B) The marker price of the first nearby contract month will be used except on the last day of trading for the expiring ICE Brent Crude Oil Futures contract when the one minute Singapore marker price of the second nearby ICE Brent Futures contract will be used.
Termination Of Trading Trading shall cease on the last business day of the contract month
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1122
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing