Asset Class Navigation

Brent Crude Oil Futures-Style Margin Option Contract Specs

Contract Unit 1000 Barrels
Minimum Price Fluctuation $0.01 per Barrel
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)
Product Code CME Globex: BZO
CME ClearPort: BZO
Clearing: BZO
Listed Contracts Monthly contracts listed for the current year and the next 7 calendar years and 3 additional consecutive contract months. Monthly contracts for a new calendar year and 3 additional consecutive contract months will be added following the termination of trading in the December contract of the current year.
Termination Of Trading Trading terminates 3 business days prior to the termination of the underlying futures contract.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 504
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