ICEEUR:T WTI Crude Futures [SERIES]
ICE:T ICE Futures Europe WTI Crude Futures :
The ICE West Texas Intermediate (WTI) Light Sweet Crude Oil Futures. Trading Screen Product Name: WTI Crude Futures. Trading Screen Hub Name: WTI. Commodity Code: T. Contract Size: 1,000 barrels. Unit of Trading: Any multiple of 1,000 barrels. Currency: US Dollars and cents. Trading Price: One cent ($0.01) per barrel. Settlement Price: One cent ($0.01) per barrel. Minimum Price Fluctuation: One cent ($0.01) per barrel. Trading Hours: London 1:00 AM - 11:00 PM (01:00 - 23:00) pre-open 12:45 AM (00:45), New York 8:00 PM - 6:00 PM (20:00 - 18:00) pre-open 7:45 PM (19:45), Singapore 9:00 AM - 7:00 AM (09:00 - 07:00) pre-open 8:45 AM (08:45). Last Trading Day: Trading shall cease at the end of the designated settlement period on the 4th US business day prior to the 25th calendar day of the month preceding the contract month. If the 25th calendar day of the month is not a US business day the Final Trade Day shall be the Trading Day which is the fourth US business day prior to the last US business day preceding the 25th calendar day of the month preceding the contract month. Settlement: The West Texas Intermediate Light Sweet Crude Oil futures contract is cash settled against the prevailing market price for US light sweet crude. It is a price in USD per barrel equal to the penultimate settlement price for WTI crude futures as made public by NYMEX for the month of production per 2005 ISDA Commodity Definitions. Contract Series: Up to 108 consecutive months. Position Limit: The Exchange may impose position accountability levels or limits on positions in this contract at its discretion as provided in Rules P8 and P3 respectively.