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
|
Product Code
|
CME Globex: GDLCME ClearPort: GDLClearing: GDL
|
Listed Contracts
|
Monthly contracts listed for the current year and the next 2 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 mid-point of the high and low quotations of "Gasoil FOB Spore Cargo" by Platts minus the arithmetic average of the mid-point of the high and low quotations of Platts Crude Oil Marketwire for the Dubai front month price, for each business day during the contract month (using Non-common pricing). |
Termination Of Trading
|
Trading terminates on the last business day of the contract month.
|
Position Limits
|
NYMEX Position Limits |
Exchange Rulebook
|
NYMEX 1329 |
Block Minimum
|
Block Minimum Thresholds |
Vendor Codes
|
Quote Vendor Symbols Listing |