Contract Unit
|
1,000 barrels |
Price Quotation
|
U.S. Dollars and Cents per barrel |
Trading Hours
|
CME Globex: |
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) |
CME ClearPort: |
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) |
Minimum Price Fluctuation
|
$0.01 per barrel
|
Product Code
|
CME Globex: MBCME ClearPort: MBClearing: MB
|
Listed Contracts
|
36 consecutive months
|
Settlement Method
|
Deliverable |
Termination Of Trading
|
Trading in the current delivery month shall cease on the third business day prior to the twenty-fifth calendar day of the month preceding the delivery month. If the twenty-fifth calendar day of the month is a non-business day, trading shall cease on the third business day prior to the last business day preceding the twenty-fifth calendar day. In the event that the official Exchange holiday schedule changes subsequent to the listing of a Crude Oil futures contract, the originally listed expiration date shall remain in effect.
|
Settlement Procedures
|
Physical delivery shall be made free-on-board (“F.O.B.”) LOOP’s storage capacity designated for LOOP Sour Storage at Clovelly, Louisiana. The grade specifications shall be based on “LOOP Sour” type crude oil which consists of a fungible blend of Mars, Poseidon, and Segregation 17 crude oil streams. |
Position Limits
|
NYMEX Position Limits |
Exchange Rulebook
|
NYMEX 506 |
Block Minimum
|
Block Minimum Thresholds |
Vendor Codes
|
Quote Vendor Symbols Listing |