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Russian Export Blend Crude Oil (REBCO) Financial 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)
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)
Minimum Price Fluctuation $0.01 per barrel
Product Code CME Globex: REB
CME ClearPort: R2
Open Outcry: REB
Clearing: R2
Listed Contracts 48 consecutive months
Settlement Method Financially Settled
Floating Price The Floating Price is equal to the Urals FOB Primorsk price as published by Argus Media on the last trading day for the contract month.
Termination Of Trading Trading shall cease on the on the business day immediately preceding the 15th day prior to the first day of the delivery month, if such 15th day is a banking day in London. If the 15th day is a non-banking day in London (including Saturday), trading shall cease on the business day immediately preceding the first business day prior to the 15th day.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 207
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing