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Brent Last Day Financial Option Contract Specs

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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: OSX
CME ClearPort: OS
Clearing: OS
Listed Contracts Monthly contracts are listed for the current year and the next 7 calendar years. List monthly contracts for a new calendar year 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 376
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strike Price Listing and Exercise Procedures Table
Exercise Style American
Settlement Method Deliverable
Underlying Brent Crude Oil Last Day Financial Futures