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Los Angeles CARBOB Gasoline (OPIS) Futures Contract Specs

Contract Unit 42,000 gallons
Price Quotation U.S. dollars and cents per gallon.
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 $0.0001 per gallon
Product Code CME Globex: MH
CME ClearPort: MH
Clearing: MH
Listed Contracts CME Globex: 1 month
CME ClearPort: 6 consecutive months
DEFAULT 6 consecutive months
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the arithmetic average of the high and low quotations from Oil Price Information Service (OPIS) for Los Angeles CARB Unl Gasoline (West Coast Pipeline) for each business day that it is determined during the contract month.
Termination Of Trading Trading shall cease on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 610
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing