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Gulf Coast Heating Oil (OPIS) vs. NY Harbor ULSD Futures Contract Specs

Gulf Coast Heating Oil (OPIS) vs. NY Harbor ULSD Futures
Code 7W
Venue CME ClearPort, Open Outcry (New York)
(All Times are New York Time/ET)
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 42,000 U.S. gallons
Price Quotation U.S. dollars and cents per gallon
Minimum Fluctuation $0.0001 per gallon
Floating Price The Floating Price for each contract month is equal to the arithmetic average of the mid-point between the high and low quotations from OPIS for Gulf Coast Heating Oil (pipeline) minus the NY Harbor ULSD first nearby contract month settlement price for each business day that both are determined during the contract month. For purposes of determining the Floating Price, the Platts mean will be rounded each day to the nearest thousandth of a cent.
Termination of Trading Trading shall cease on the last business day of the contract month.
Listed Contracts 36 consecutive months
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 256
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.