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WTI Houston (Argus) vs. WTI Trade Month 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. Chicago Time/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
Product Code CME Globex: HTT
CME ClearPort: HTT
Clearing: HTT
Listed Contracts Monthly  contracts listed for the current year and the next three calendar years.
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the arithmetic average of the WTI
Houston (1st month) differential weighted average (Diff weighted average) index price from
Argus Media, which is based on the weighted average index price of WTI Houston minus the
"WTI Formula Basis" price from Argus Media, for the Trade month period beginning with the
first business day after the 25th calendar day two months prior to the contract month through
the last business day that falls on or before the 25th calendar day of the month prior to the
contract month. If the 25th calendar day is a weekend or holiday, the Trade month period shall
end on the first business day prior to the 25th calendar day
Termination Of Trading Trading  terminates on the last business day that falls on or before the 25th calendar day of the month prior to the contract month. If the 25th calendar day is a weekend or holiday, trading shall cease on the first business day prior to the 25th calendar day.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 319
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing