Contract Unit
|
1,000 barrels |
Price Quotation
|
$0.001/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
|
$0.001 per barrel
|
Product Code
|
CME Globex: LPSCME ClearPort: LPSClearing: LPS
|
Listed Contracts
|
Monthly contracts listed for 15 consecutive months
|
Settlement Method
|
Deliverable |
Termination Of Trading
|
Trading 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.
|
Settlement Procedures
|
Physical |
Position Limits
|
NYMEX Position Limits |
Exchange Rulebook
|
NYMEX 210 |
Block Minimum
|
Block Minimum Thresholds |
Vendor Codes
|
Quote Vendor Symbols Listing |
Delivery Procedure
|
The seller shall provide the buyer with a Capacity Allocation Contract (CAC) which allows for the legal right to store crude oil for a calendar month at the LOOP LLC storage facility in Louisiana. |