Asset Class Navigation

Mini Dubai Crude Oil (Platts) BALMO Futures Contract Specs

Contract Unit 100 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 = $0.10
Product Code CME Globex: DBT
CME ClearPort: DBT
Clearing: DBT
Listed Contracts Monthly BALMO contracts listed for 3 consecutive months
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the balance-of-month arithmetic average of the mid-point of the bid and ask quotations from “Platts Crude Oil Marketwire” under the heading “Key benchmarks ($/bbl) for “Dubai” prompt month for the period from the selected start date through the end of the contract month, inclusive.
Termination Of Trading Trading terminates on the last Singapore business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1210
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing