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WTI-Brent Financial Futures Contract Specs

Product Symbol BK
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)
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 arithmetic average of the NYMEX Light Sweet Crude Oil first nearby contract settlement price for each business day that it is determined minus the Brent Crude Oil (ICE) Futures first nearby contract settlement price for each business day that it is determined during the contract month (using Non-common pricing), except as set forth in Section (B) below.

(B) The settlement price of the first nearby contract month for will be used except on the last day of trading for the expiring Brent Crude Oil Futures contract when the settlement price of the second nearby Brent contract will be used.
Termination of Trading Trading shall cease on the last business day of the contract month
Listed Contracts current year + the next 8 years. At the expiration of the December contract month, a new, full year shall be added
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 694
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.