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| Trading Unit |
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| 1000 barrels. |
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| Price Fluctuation |
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| U.S. dollars and cents 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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| Minimum Price Fluctuation |
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| $0.01 per barrel. |
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| Trading Months |
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| The current year plus the next eight years through December 2015. A new calendar year will be added following the termination of trading in the December contract of the current year. |
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| Termination of Trading |
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| Trading ceases on the last business day of the contract month. |
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| Margin Requirements |
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| Margins are required for open futures positions. |
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| Settlement |
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| Financial, based on the arithmetic average of the NYMEX Light Sweet Crude Oil first nearby contract settlement price minus the ICE Brent Crude Oil Futures first nearby contract settlement price for each business day that both are determined during the contract month. |
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| Trading Symbol |
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| BK |
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