CME NYMEX: ARE RBOB Gasoline Crack Spread Futures prices chart

RBOB Gasoline Crack Spread Futures (CME NYMEX: ARE) Contract Specifications

Product Code: CME Globex: ARE, CME ClearPort: RM, Clearing: RM

Contract Unit: 1,000 barrels
Price Quotation: U.S. dollars and cents per barrel
Minimum Price Fluctuation: 0.01 per barrel = $10.00
Settlement Method: Financially Settled

Listed Contracts: Monthly contracts listed for the current year and the next 3 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.

Floating Price: The Floating Price for each contract month is equal to the arithmetic average of the RBOB Gasoline Futures first nearby contract month settlement price minus the NYMEX Light Sweet Crude Oil Futures first nearby contract month settlement price for each business day that both are determined during the contract month. For purposes of determining the Floating Price, the gasoline price will be converted each day to U.S. dollars and cents per barrel, rounded to the nearest cent.

Termination of Trading: Trading terminates on the last business day of the contract month.

Trading Hours: Sunday 5:00 p.m. - Friday - 4:00 p.m. CT with a daily maintenance period from 4:00 p.m. – 5:00 p.m. CT