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Argus WTI Diff vs. CMA NYMEX Calendar Month Futures Contract Specs

Contract Unit 1,000 Barrels
Price Quotation U.S. Dollars and Cents per Barrel
Trading Hours Sunday - Friday  6:00 p.m. - 5:00 p.m.(5:00 p.m. - 4:00 p.m. 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: ANC
CME ClearPort: ANC
Clearing: ANC
Listed Contracts Monthly contracts listed for 36 consecutive months
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the average of the Argus WTI Differential to the Calendar Month Average (CMA) NYMEX WTI price (weighted average) under the heading “WTI Diff to CMA NYMEX (wtd avg)” price from Argus Media for each business day that it is determined during the calendar month.
Termination Of Trading Trading terminates on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 773
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing