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Gulf Coast No.6 Fuel Oil 3.0% (Platts) Brent Crack Spread Futures Contract Specs

Contract Unit 1,000 barrels
Price Quotation U.S. dollars and cents per barrel
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:15 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 barrel
Product Code CME Globex: GCI
CME ClearPort: GCI
Clearing: GCI
Listed Contracts 36 consecutive months
Settlement Method Financially Settled
Floating Price (A) The Floating Price for each contract month is equal to the arithmetic average of the high and low quotations from Platts Oilgram Price Report for Gulf Coast No. 6 3.0%S (Waterborne) Fuel Oil minus the arithmetic average of the Brent Crude Oil (ICE) futures 1st nearby contract settlement prices, except as set forth in Section (B) below, for each business day that it is determined during the contract month (using non-common pricing). (B) The settlement price of the 1st nearby contract month will be used except on the last day of trading for the expiring Brent Crude Oil futures contract when the settlement price of the 2nd nearby Brent Crude Oil Futures contract will be used.
Termination Of Trading Trading shall cease on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1098
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing