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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 barrels. |
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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 barrels. |
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| Trading Months |
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| The current year and the next three years. 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 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 mid-point of the high and low quotations from the Platts European Marketscan for 3.5% Fuel Oil under the heading "Cargoes FOB Med Basis Italy" minus the ICE Brent Crude Oil Futures first nearby contract settlement price for each business day that both are determined during the contract month. The conversion factor will be 6.35 barrels per metric ton. |
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| Trading Symbol |
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| FL |
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