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Gulf Coast Unl 87 (Platts) Crack Spread BALMO Futures Contract Specs

Contract Unit 1,000 U.S. 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: 1J
CME ClearPort: 1J
Clearing: 1J
Listed Contracts CME Globex 1 month
CME ClearPort: One month and the following month for 10 business days prior to the start of the contract month
DEFAULT One month and the following month for 10 business days prior to the start of the contract month
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the balance-of-month arithmetic average of the of the high and low quotations from Platts for U.S. Gulf Coast Unl 87 (pipeline) minus the NYMEX Light Sweet Crude Oil Futures first nearby contract month settlement price for each business day that both are determined during the contract month, starting from the selected start date through the end of the contract month, inclusive. For purposes of determining the Floating Price, the U.S. Gulf Coast Unl 87 pipeline mean will be converted each day to U.S. dollars and cents per barrel, rounded to the nearest cent.
Termination Of Trading Trading shall cease on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 336
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing