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. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Minimum Price Fluctuation 0.0001 per barrel = $0.10
Product Code CME Globex: NLS
CME ClearPort: NLS
Clearing: NLS
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 arithmetic average of the NY Harbor ULSD Futures first nearby settlement price minus the first line ICE Low Sulphur Gasoil Futures settlement price for each business day during the contract month (using Non-common pricing). For purposes of determining the Floating Price, the Gasoil Futures first nearby contract month settlement will be converted each day to US dollars and cents per gallon, rounded to the nearest cent. The conversion factor will be 1 barrel = 42 gallons. The settlement prices for the first nearby contract month will be used except on the last day of trading for the expiring ICE Low Sulphur Gasoil Futures when the settlement prices of the second nearby ICE Low Sulphur Gasoil 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 371
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing