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WTI-Brent Bullet Futures Contract Specs

Product Symbol CME Globex: ABY
CME ClearPort: BY
Open Outcry: BY
Venue CME Globex, CME ClearPort, Open Outcry (New York)
Hours
(All Times are New York Time/ET)
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) Trade is Flow per day.
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)
Open Outcry Monday – Friday 9:00 AM to 2:30 PM  (8:00 AM to 1:30 PM 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 for each contract month is the NYMEX Light Sweet Crude Oil Futures first nearby contract settlement price minus the Brent Crude Oil (ICE) Futures first nearby contract.
Termination of Trading For contract months up to and including the February 2016 contract, trading shall end one business day prior to the termination of the Brent futures contract, i.e., two business days before the fifteenth calendar day prior to the first day of the delivery month, if the fifteenth calendar day is not a holiday or weekend in London. If the fifteenth calendar day is a holiday or weekend in London, trading shall end three business days prior to the last business day preceding the fifteenth calendar day. Effective with the March 2016 contract, the last trading day will be the business day preceding the last UK business day of the second month preceding the contract month, except for the business day preceding New Year's Day, where trading shall cease on the third UK business day preceding New Year's Day.
Listed Contracts current year + the next 3 years
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 693
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.