Brent Crude Oil Futures Trading - Get current Brent Crude Oil futures prices, quotes, charts, Brent Crude Oil futures contract specifications & futures news
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Disclaimer: This material is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results.
|Contract Size||1,000 US barrels (42,000 gallons)|
|Price Quotation||U.S. Dollars and Cents per gallon|
|ICE Hours|| |
UK Hours* Open 01:00 London local time (23.00 on Sundays) Close 23:00 London local time.
EST Hours Open 20:00 (18:00 on Sundays) Close: 18:00 the following day.
Chicago Hours Open 19:00 (17:00 on Sundays) Close: 17:00 the following day.
Singapore Hours Open 08:00 (06:00 on Monday mornings) close 06:00 the next day.
|Minimum Fluctuation||One cent per barrel, equivalent to a tick value of $10|
Trading shall cease at the end of the designated settlement period on the Business Day (a trading day which is not a public holiday in England and Wales) immediately preceding:
(i) Either the 15th day before the first day of the contract month, if such 15th day is a Business Day
(ii) If such 15th day is not a Business Day the next preceding Business Day.
|Listed Contracts||A maximum of 72 consecutive months will be listed. In addition, 6 contract months comprising of June and December contracts will be listed for an additional three calendar years. Twelve additional contract months will be added each year on the expiry of the prompt December contract month.|
|Settlement Price||The weighted average price of trades during a three minute settlement period from 19:27:00, London time.|
The ICE Brent Crude futures contract is a deliverable contract based on EFP delivery with an option to cash settle, i.e the ICE Brent Index price for the day following the last trading day of the futures contract.
|Exchange Rule||These contracts are listed with, and subject to, the rules and regulations of ICE.|