CME NYMEX: BB Brent Crude Oil Futures prices chart

Brent Crude Oil Futures (CME NYMEX: BB) Futures Contract Specifications

Product Code: CME Globex: BB, CME ClearPort: BB, Clearing: BB, TAS: BBT

Contract Unit: 1,000 barrels
Price Quotation: U.S. dollars and cents per barrel

Minimum Price Fluctuation:
(1) 0.01 per barrel = $10.00
(2) TAS: Zero or +/- 10 ticks in the minimum tick increment of the outright

Settlement Method: Financially Settled

Listed Contracts: Monthly contracts are listed for the current year and the next 7 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 is equal to the Brent Crude Oil (ICE) Futures 1st nearby contract settlement price on the penultimate trading day for the delivery month.

TAM or TAS Rules: Trading at Settlement (TAS) is subject to the requirements of Rule 524.A. TAS trades off a "Base Price" of zero (equal to the daily settlement price) to create a differential versus the daily settlement price in the underlying futures contract month. The TAS clearing price equals the daily settlement price of the underlying futures contract month plus or minus the TAS transaction price.

Termination of Trading: Trading in the February contract month terminates on the 3rd last London and U.S. business day of the month, 2 months prior to the contract month. Trading in all other contract months terminates on the 2nd last London and U.S. business day of the month, 2 months prior to the contract month.

Trading Hours:
(1) Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
(2) TAS: Sunday - Friday 6:00 p.m. - 2:30 p.m. (5:00 p.m. - 1:30 p.m. CT)