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Brent Crude Oil 2 Month Spread 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: AB
CME ClearPort: AB
Clearing: AB
Listed Contracts 2-Month spreads listed  for 12 consecutive months
Termination Of Trading Trading terminates on the last UK business day of the second month prior to the contract month, except for the UK business day prior to New Year’s Day, where trading terminates on the second UK business day prior to New Year’s Day.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 394
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 Deliverable
Underlying Brent Crude Oil Futures