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Mini RBOB Gasoline vs. Gasoline Euro-bob Oxy NWE Barges (Argus) Futures Contract Specs

Contract Unit 35,000 gallons
Price Quotation U.S. dollars and cents per gallon
Trading Hours CME Globex: 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)
CME ClearPort: Sunday 5:00 p.m. - Friday 4:00 p.m. CT with no reporting Monday - Thursday from 4:00 p.m. – 5:00 p.m. CT
Minimum Price Fluctuation 0.0001 per gallon = $3.50
Product Code CME Globex: MXB
CME ClearPort: MXB
Clearing: MXB
Listed Contracts Monthly contracts listed for 36 consecutive months
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the arithmetic average of the RBOB
Gasoline Futures first nearby contract month settlement price minus the high and low
quotations from Argus Media for Euro-bob Oxy NWE Barges for each business day during the
contract month, except as noted below.
For purposes of determining the Floating Price, the Argus Euro-bob Oxy assessment price will
be converted each day to U.S. dollars and cents per gallon, using a conversion factor of 8.33
barrels per metric ton and 42 gallons per barrel.
The Floating Price is calculated using the non-common pricing convention. In calculating the
spread differential, the monthly average for each component leg of the spread shall be
calculated by using all trading days in the month for each component leg of the spread,
followed by the calculation of the spread differential between the two averages.
Termination Of Trading Trading terminates on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1243
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing