Asset Class Navigation

ICE Brent (Singapore Marker) vs. DME Oman Crude Oil 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: BSG
CME ClearPort: BSG
Clearing: BSG
Listed Contracts 36 consecutive months
Settlement Method Financially Settled
Floating Price (A) The Floating Price for each contract month is the arithmetic average of the Brent Crude Oil Futures first nearby contract marker price using the one minute Singapore marker price minus the arithmetic average of the DME Oman Crude Oil Futures first nearby contract settlement price calculated as of 16:30 (Singapore time) each business day during the contract month (using non-common pricing), 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 Brent Crude Oil Futures contract when the one minute Singapore marker price of the second nearby 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 123
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing