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WTI Houston (Argus) vs. WTI BALMO 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: HIB
CME ClearPort: HIB
Clearing: HIB
Listed Contracts Monthly BALMO contracts listed for 2 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 WTI Houston (1st month) weighted average index price from Argus Media, minus the NYMEX Light Sweet Crude Oil Futures first nearby contract month settlement price from the selected start date through the end of the contract month, inclusive.
Termination Of Trading Trading terminates on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 384
Block Minimum NYMEX/COMEX
Vendor Codes Quote Vendor Symbols Listing