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Brent Last Day Financial (European) Options Contract Specs

Options
Contract Unit 1,000 barrels
Minimum Price Fluctuation 0.01 per barrel = $10.00
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)
Product Code CME Globex: BE
CME ClearPort: BE
Clearing: BE
Listed Contracts Monthly contracts listed for the current year and the next 7 calendar years and 3 additional contract months. List monthly contracts for a new calendar year and 3 additional contract months following the termination of trading in the December contract of the current year.
Termination Of Trading Trading terminates the 4th last London business day of the month, 2 months prior to the contract month except for the February contract month which terminates the 5th last London business day of the month, 2 months prior to the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 378
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strike Price Listing and Exercise Procedures Table
Exercise Style European
Settlement Method Financially Settled
Underlying Brent Crude Oil Last Day Financial Futures