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LLS (Argus) vs. Brent Balmo 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 0.01 per barrel = $10.00
Product Code CME Globex: LBB
CME ClearPort: LBB
Clearing: LBB
Listed Contracts Monthly BALMO contracts listed for the current month and the following month listed 10 business days prior to the start of the contract month.
Settlement Method Financially Settled
Floating Price Argus Media
Termination Of Trading Trading terminates on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 314
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing