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Brent Crude Oil Calendar Strip Options Contract Specs

Options
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: BPC
CME ClearPort: BPC
Clearing: BPC
Listed Contracts Annual contracts (January) listed for 3 consecutive years
Termination Of Trading Trading terminates on the last business day of the month prior to the first leg of the underlying strip.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 826
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 Financial Futures