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| Trading Unit |
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| 1,000 barrels (42,000 U.S. gallons). |
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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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| $0.01 per barrel ($10.00 per contract). |
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| Maximum Price Fluctuation |
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| No price limits. |
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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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| 72 consecutive months. |
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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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| Settlement Type |
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Financial. The final settlement for each contract month is equal to the arithmetic average of the mid-point between the high and low quotations from Platts Crude Oil Marketwire for Brent (Dated) for each business day that it is determined during the contract month.
"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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| UB |
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