Asset Class Navigation

Brent Crude Oil Last Day Financial Calendar Spread (1 Month) Option Contract Specs

    Effective as of March 19, 2020 and until further notice, NYMEX increased the dynamic circuit breakers of CL, QM, WS, BZ and all Associated Products. See SER 8566 for additional information.

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: 9C
CME ClearPort: 9C
Clearing: 9C
Listed Contracts 1-Month spreads listed for the current year and next 5 calendar years. List 1-Month spreads for a new calendar year following the termionation of trading in the December spread of the current year.  
Termination Of Trading Trading terminates on the 2nd last London business day of the 2nd month prior to the first leg of the spread.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 398
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 Last Day Financial Futures