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WTI-Brent Bullet 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: ABY
CME ClearPort: BY
Clearing: BY
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.
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is the NYMEX Light Sweet Crude Oil Futures first nearby contract settlement price minus the Brent Crude Oil (ICE) Futures first nearby contract.
Termination Of Trading Trading terminates on the second last UK business day of the second month prior to the contract month, except for the business day preceding New Year's Day, where trading terminates on the third UK business day prior to New Year's Day.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 693
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing