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Contract Unit | 1,000 barrels | ||||
Price Quotation | U.S. dollars and cents per barrel | ||||
Trading Hours | CME Globex: | Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) | CME ClearPort: | Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) | |
Minimum Price Fluctuation | $0.001 per barrel | ||||
Product Code | CME Globex: AVZCME ClearPort: VZClearing: VZ | ||||
Listed Contracts | One month + the following month for 10 business days prior to the start of the contract month | ||||
Settlement Method | Financially Settled | ||||
Floating Price | For all contract months prior to January 2017 The Floating Price for each contract month is equal to the balance-of-month arithmetic average of the mid-point of the high and low quotations from Platts Oilgram Price Report for Gulf Coast No. 6 3.0%S (Waterborne) Fuel Oil starting from the selected start date through the end of the contract month, inclusive. For all contract months commencing with January 2017 and beyond The Floating Price for each contract month is equal to the balance-of-month arithmetic average of the mid-point of the high and low quotations from Platts Oilgram Price Report for Gulf Coast HSFO starting from the selected start date through the end of the contract month, inclusive. |
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Termination Of Trading | Trading shall cease on the last business day of the contract month. | ||||
Position Limits | NYMEX Position Limits | ||||
Exchange Rulebook | NYMEX 503 | ||||
Block Minimum | Block Minimum Thresholds | ||||
Vendor Codes | Quote Vendor Symbols Listing |
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