Argus Sour Crude Index (ASCI) vs. WTI Diff Spread Calendar Month 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. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) | CME ClearPort: | Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) | |
| Minimum Price Fluctuation | $0.01 per barrel | ||||
| Product Code | CME Globex: 38CME ClearPort: 38Clearing: 38 | ||||
| Listed Contracts | 36 consecutive months | ||||
| Settlement Method | Financially Settled | ||||
| Floating Price | The Floating Price for each contract month is equal to the arithmetic average of the Argus Sour Crude Index ("ASCI") differential (Diff) price for the front month from Argus Media, which is based on the ASCI price minus the WTI Formula Basis price, for each business day that both are determined during the contract month. | ||||
| Termination Of Trading | Trading shall cease at the close of trading on the last business day of the contract month. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 224 | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
Quick Links
Other Energy Products
Tools
Email Subscriptions
- Natural Gas
- Crude Oil
Essentials
Contact Us
© 2020 CME Group Inc. All rights reserved.