WTI Houston vs. Dated Brent (Platts) Calendar 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 = $10.00 | ||||
| Product Code | CME Globex: HDBCME ClearPort: HDBClearing: HDB | ||||
| 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 equal to the NYMEX WTI Houston Crude Oil front month settlement price minus the Brent (Dated) front month price from the S&P Global Platts Crude Oil Marketwire for each business day that it is determined during the calendar month. | ||||
| Termination Of Trading | Trading terminates on the last business day of the contract month. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 814 | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
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