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WTI-Brent Bullet 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 $0.01 per barrel
Product Code CME Globex: ABY
CME ClearPort: BY
Clearing: BY
Listed Contracts current year + the next 3 years
Settlement Method Financially Settled
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.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 693
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing