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Dated Brent (Platts) vs. Brent Second Month (BFOE) (Platts) Daily CFD 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. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Minimum Price Fluctuation 0.001 per barrel = $1.00
Product Code CME Globex: A59
CME ClearPort: 59
Clearing: 59
Listed Contracts Daily contracts listed for 13 consecutive weeks.
Settlement Method Financially Settled
Floating Price The Floating Price for each Brent Contract for Differences (CFD) contract is the daily mid-point between the high and low quotations from the Platts Crude Oil Marketwire for the CFD assessment which is based on Dated Brent minus the third month Brent (also referred to BFOE) cash price for each business day that both prices are determined during the contract month.
Termination Of Trading Trading terminates at the close of trading on the contract day.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 316
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing