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Heating Oil Crack Spread BALMO Futures
 
 
Starting April 29, 2012, and pending CFTC review, 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 April-2013 1H contract month and beyond. See amendments to rulebook Chapter 150.
Heating Oil Crack Spread BALMO Futures
Code 1H
Venue CME Globex, CME ClearPort and 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)
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 1,000 U.S. barrels
Price Quotation U.S. dollars and cents per barrel
Minimum Fluctuation $0.01 per barrel
Floating Price The Floating Price for each contract month is equal to the balance-of-month arithmetic average of the NYMEX Heating Oil Futures first nearby contract month settlement price minus the NYMEX Light Sweet Crude Oil Futures first nearby contract month settlement price for each business day that both prices are determined during the contract month, starting from the selected start date through the end of the contract month. For purposes of determining the Floating Price, the NYMEX Heating Oil Futures price 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.
Listed Contracts CME ClearPort and Open Outcry: 1 month and the next month listed 10 business days before the start of the contract month
CME Globex: 1 month
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 329
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.
 
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