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Heating Oil Bullet Futures
 
 
Starting April 29, 2012, the Exchange is amending Heating Oil (HO) contract grade and quality specifications beginning with the May-2013 contract month to meet those of the Colonial Pipeline’s Fungible Grade 61 for Ultra Low Sulfur Diesel (ULSD). The specification changes in HO are applicable to the May-2013 BH contract month and beyond. See amendments to rulebook Chapter 150.

Description

Heating Oil Bullet Futures futures are an outright heating oil contract between a buyer and a seller.
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Heating Oil Bullet Futures
Product Symbol CME Globex: ABH
CME ClearPort: BH
Open Outcry: BH
Venue CME Globex, CME ClearPort, Open Outcry (New York)
Hours
(All Times are New York Time/ET)
CME Globex:  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) Trade is Flow per day.
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) Trade is Flow per day or Flow per month.
Open Outcry: Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. CT)
Contract Unit 42,000 gallons
Price Quotation U.S. dollars and cents per gallon.
Minimum Fluctuation $0.0001 per gallon
Floating Price The Floating Price is equal to the NYMEX New York Harbor Heating Oil Futures first nearby contract settlement price on the penultimate trading day for the delivery month.
Termination of Trading Trading shall cease one business day prior to the termination date of the NYMEX New York Harbor Heating Oil Futures Contract for the delivery month.
Listed Contracts CME ClearPort and Open Outcry: Current Year + 3 Years
CME Globex: 12 consecutive months
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 825
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.
 
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