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NY 0.7% Fuel Oil (Platts) BALMO Futures Contract Specs

Contract Unit 1,000 U.S. 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)
Open Outcry: Monday - Friday 9:00 a.m. - 2:30 p.m. New York time/ET (8:00 a.m. - 1:30 p.m. Chicago Time/CT)
Minimum Price Fluctuation $0.001 per barrel
Product Code CME Globex: NYS
CME ClearPort: NYS
Open Outcry: NYS
Clearing: NYS
Listed Contracts CME Globex: 1 month
CME ClearPort and Open Outcry: 1 month and the following month listed ten days prior to the start of the contract month
DEFAULT 1 month and the following month listed ten days prior to the start of the contract month
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the balance-of-month arithmetic average of the mid-point of the high and low quotations from Platts Oilgram Price Report for New York No.6 0.7%S Max Fuel Oil (Waterborne Cargo) starting from the selected start date through the end of the contract month, inclusively.
Termination Of Trading Trading shall cease on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 427
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing