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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: HDB
CME ClearPort: HDB
Clearing: 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