Gasoline Eurobob Non-Oxy NWE Barges (Argus) Crack Spread (1000mt)
Futures
Gasoline Eurobob Non-Oxy NWE Barges (Argus) Crack Spread (1000mt) Futures - Contract Specs
| Contract Unit | 8,330 barrels (1,000 metic tons) |
|---|---|
| Price Quotation | U.S. dollars and cents per barrel |
| Trading Hours | CME Globex: Sunday - Friday 5:00 p.m. - 4:00 p.m. CT with a 60-minute break each day beginning at 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 | 0.001 per barrel = $8.33 |
| Product Code | CME Globex: NBO CME ClearPort: NBO Clearing: NBO |
| 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 November 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 from the Argus Media for Eurobob Oxy Barges NWE minus the ICE Brent Crude Oil Futures first nearby contract settlement price for each business day during the contract month (using Non-common pricing). The settlement price of the first nearby Brent Crude Oil futures contract month will be used except on the last day of trading for the expiring Brent crude oil futures contract when the settlement price of the second nearby contract month will be used. For the purposes of determining the Floating Price, the Argus Eurobob 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. |
| Termination of Trading | Trading terminates on the last business day of the contract month. |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Vendor Codes |
