| Trading Unit: | 1,000 U.S. barrels (42,000 gallons) |
| Tick Size: | $0.01 (1¢) per barrel ($10 per contract) |
| Quoted Units: | US $ per barrel |
| Initial Margin: | $9,788 Maint Margin: $7,250 |
| Contract Months: | All 12 months. |
| First Notice Day: | Two business days after last trading day. |
| Last Trading Day: | Trading terminates at the close of business on the third business day prior to the 25th calendar day of the month preceding the delivery month. |
| Trading Hours: | Open outcry trading is conducted from 10:00 A.M. until 2:30 P.M. Electronic Trading on CME Globex - Sun thru Fri 6:00 PM to 5:15 PM |
| Daily Limit: | $10.00 per barrel ($10,000 per contract) |