Dubai Crude Oil (Platts) BALMO Futures (DDI)
1,000 U.S. barrels (42,000 gallons)
U.S. dollars and cents per barrel
Trading Symbol on Globex
Electronic trading is open from 1600 North American Central Standard Time / Central Daylight Time (CST/CDT) Sundays and from 1645 CST/CDT Monday to Thursday and closes at 1600 CST/CDT the next day, Monday to Friday.
Singapore is 14 hours ahead of CST and Dubai is 10 hours ahead. The time difference is reduced by one hour when CDT is in effect. Neither Dubai nor Singapore observe Daylight Savings Time.
The current month and the next two months will be listed.
Minimum Price Fluctuation
$0.001 per barrel ($1.00 per contract)
Maximum Daily Price Fluctuation
The Floating Price for each contract month is equal to the balance-of-month arithmetic average of the mid-point between the high and low quotations from the Platts Oilgram Price Report for front-month Dubai Crude Oil starting from the selected start date through the end of the contract, inclusively, for each Trading Day during the contract month (using non-common pricing).
Final Settlement Price
Final settlement, following termination of trading for a contract month, will be based on the Floating Price. The final settlement price will be the Floating Price calculated for each contract month.
Last Trading Day
Trading in the nearby Contract Month shall cease on the last Trading Day of the contract month.
PlattsTM is a trademark of McGraw-Hill Financial, Inc. and has been licensed for use by DME. The Dubai Crude Oil (Platts) BALMO Futures Contract is not sponsored, endorsed, sold or promoted by PLATTS and PLATTS makes no representation regarding the advisability of buying, selling and/or investing in the Dubai Crude Oil (Platts) BALMO Futures Contract.