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Trading
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Learn why traders use futures, how to trade futures, and what steps you should take to get started.
WTI-Brent Crude Oil Spread Options Contract Specs
| Contract Unit | 1,000 barrels | ||||
| Minimum Price Fluctuation | 0.01 per barrel = $10.00 | ||||
| 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) | ||||
| Product Code | CME Globex: ABVCME ClearPort: BVClearing: BV | ||||
| Listed Contracts | Monthly contracts listed for the current year and the next 3 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year. | ||||
| Termination Of Trading | Trading in the February contract month terminates on the 3rd last London business day of the month, 2 months prior to the contract month. Trading in all other contract months terminates on the 2nd last London business day of the month, 2 months prior to the contract month. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 377 | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
| Strike Price Listing Procedures | Strike Price Listing and Exercise Procedures Table | ||||
| Exercise Style | European | ||||
| Settlement Method | Financially Settled | ||||
| Underlying | WTI-Brent Bullet Futures | ||||
Quick Links
Other Energy Products
Tools
- Interactive Expiration Calendar
- Open Interest Tool
- CFTC Traders Tool
- QuikStrike Pricing and Analysis
Related
Essentials
Contact Us
CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.
Contact Us
View AllCME Group / Chicago HQ
Phone: +1 312 930 1000
Toll Free (US Only): +1 866 716 7274
