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 = $0.10
|
Product Code
|
CME Globex: DBLCME ClearPort: DBLClearing: DBL
|
Listed Contracts
|
Monthly contracts listed for the current year and the next 2 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.
|
Settlement Method
|
Financially Settled |
Floating Price
|
The Floating Price for each contract month is equal to the arithmetic average of the mid-point of the bid and ask quotations from “Platts Crude Oil Marketwire” under the heading “Key benchmarks ($/bbl) for “Dubai” prompt month for each day that is determined during the contract month. |
Termination Of Trading
|
Trading terminates on the last London & Singapore business day of the contract month.
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Position Limits
|
NYMEX Position Limits |
Exchange Rulebook
|
NYMEX 1209 |
Block Minimum
|
Block Minimum Thresholds |
Vendor Codes
|
Quote Vendor Symbols Listing |