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Gasoline Eurobob Non-Oxy NWE Barges (Argus) Crack Spread Futures Contract Specs

Contract Unit 1,000 barrels
Price Quotation U.S. dollars and cents per barrel
Trading Hours Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET)
Minimum Price Fluctuation 0.001 per barrel = $1.00
Product Code CME Globex: GNS
CME ClearPort: GNS
Clearing: GNS
Listed Contracts Monthly contracts listed for the current year and the next 4 calendar years.Monthly contracts for a new calendar year will be added 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 arithmetic average of the mid-point between the high and low quotations from the Argus Media European Products Report under the heading Northwest Europe Light Products barges for Eurobob Non-Oxy minus the Brent Crude Oil (ICE) Futures contract first nearby settlement price from the selected start date through the end of the month (using Non-common pricing), except for (A) below. For purposes of determining the Floating Price, the Argus Media Eurobob non-oxy assessment price will be converted each day to U.S. dollars and cents per barrel, rounded to the nearest cent. The conversion factor will be 8.33 barrels per metric ton. (A) The settlement prices of the 1st nearby contract month will be used except on the last day of trading for the expiring Brent Crude Oil Futures contract when the settlement prices of the 2nd nearby contract will be used.
Termination Of Trading Trading terminates on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1029
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing