Description
Russian Export Blend Crude Oil (REBCO) (Financial) futures are an outright crude oil contract between a buyer and a seller.
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| REBCO Financial Futures | |||||
|---|---|---|---|---|---|
| Product Symbol | Clearing/ClearPort: R2, Globex: REB | ||||
| Venue | CME ClearPort, CME Globex | ||||
| Hours (All Times are New York Time/ET) |
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) | |||
| 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) | ||||
| Contract Unit | 1,000 barrels | ||||
| Price Quotation | U.S. Dollars and Cents per barrel | ||||
| Minimum Fluctuation | $0.01 per barrel | ||||
| 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. | ||||
| Listed Contracts | 48 consecutive months | ||||
| Settlement Type | Financial | ||||
| Position Limits | NYMEX Position Limits | ||||
| Rulebook Chapter | 207 | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of NYMEX. | ||||