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| Trading Unit |
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| 1000 barrels |
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| Price Quotation |
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| U.S. dollars and cents per barrel. |
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| Minimum Price Fluctuation |
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| $0.001 per barrel |
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| Trading Hours (all times are New York time) |
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| The contract is available for trading on the NYMEX ClearPort® trading platform from 6:00 PM Sundays through 5:15 PM Fridays, with a 45-minute break each day between 5:15 PM and 6:00 PM. Off-Exchange transactions can be submitted solely for clearing to the NYMEX ClearPort® clearing website as an exchange of futures for swaps (EFS) or exchange of futures for physicals (EFP) transaction until 5:15 PM, Monday through Friday, and the day preceding a holiday. |
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| Trading Months |
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| One contract month, and the next contract month will be listed ten business days before the start of the contract month. |
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| Termination of Trading |
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| Trading terminates at the close of business on the last business day of the contract month. |
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| Settlement Type |
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Financial, based on the arithmetic average of the Platts Dubai frontline mean, starting from the day of execution until the last day of the contract month. The BALMO contracts allow the user to customize the balance-of-month period by selecting the start date (or first day) of the BALMO averaging period.
"Platts®" is a trademark of The McGraw-Hill Companies, Inc., and has been licensed for use by the New York Mercantile Exchange, Inc. Platts does not sponsor, endorse, sell, or promote the contract and Platts makes no recommendations concerning the advisability of investing in the contract. |
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| Trading Symbol |
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| BI |
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