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Daily European 3.5% Fuel Oil Barges FOB Rdam (Platts) Futures Contract Specs

Contract Unit 100 metric tons
Price Quotation U.S. dollars and cents per metric ton
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 $0.001 per metric ton
Product Code CME Globex: FOR
CME ClearPort: FOR
Clearing: FOR
Listed Contracts 2 consecutive months
Settlement Method Financially Settled
Floating Price The Floating Price for each contract is equal to the daily mid-point between the high and low quotations from the Platts Crude Oil Marketwire for 3.5% Fuel Oil under the heading "Barges FOB Rotterdam" assessment for each business day that it is determined.
Termination Of Trading Trading shall cease at the close of the business day of the daily contract.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 237
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing