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Brent Crude Oil Futures-Style Margin Option Contract Specs

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Contract Unit 1000 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: BZO
CME ClearPort: BZO
Clearing: BZO
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 on the 4th last London business day of the month, 2 months prior to the contract month (3 business day prior to the expiration of the underlying futures corresponding contract month).
The February contract month terminates on the 5th last London business day of the month, 2 months prior to the contract month (3 business day prior to the expiration of the underlying futures corresponding contract month).
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