Asset Class Navigation

European Low Sulphur Gasoil Brent Crack Spread Futures Contract Specs

Contract Unit 1,000 barrels
Price Quotation U.S. dollars and cents per barrels
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)
Open Outcry: Monday - Friday 9:00 a.m. - 2:30 p.m. New York time/ET (8:00 a.m. - 1:30 p.m. Chicago Time/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 barrel
Product Code CME Globex: GZ
CME ClearPort: GZ
Open Outcry: GZ
Clearing: GZ
Listed Contracts Monthly contracts shall be listed for the current year +6 years
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the arithmetic average of the Low Sulphur Gasoil (ICE) first nearby contract month settlement price minus the Brent Crude Oil (ICE) first nearby contract month settlement price for each business day during the contract month (using Non - common pricing).

For purposes of determining the Floating Price, the ICE Gasoil and or ICE Low Sulphur Gasoil price will be converted each day to U.S. dollars and cents per barrel, rounded to the nearest cent. The conversion factor will be 7.45 barrels per metric ton.

The settlement prices of the 1st nearby contract month will be used except on the last day of trading for the expiring Brent Crude Oil and ICE Low Sulphur Gasoil Futures contracts when the settlement prices of the 2nd nearby contracts will be used.
Termination Of Trading Trading ceases on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 710
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing