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Dubai Crude Oil (Platts) Financial Futures Contract Specs

Contract Unit 1,000 barrels
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)
Minimum Price Fluctuation 0.001 per barrel = $1.00
Product Code CME Globex: DCB
CME ClearPort: DC
Clearing: DC
Listed Contracts Monthly contracts listed for the current year and the next five calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the arithmetic average of the Platts Dubai Frontline mean ("Assessment") for each business day that it is determined during the contract month. The Platts prices to be used are found in Platts media or any accepted Platts product and the timing is end of day New York.

For purposes of determining the Floating Price, the Platts Dubai Frontline mean will be rounded each day to the nearest cent.
Termination Of Trading Trading terminates on the last London and Singapore business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 511
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing