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Russian Export Blend Crude Oil (REBCO) Financial Futures Contract Specs

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.