Singapore Jet Kerosene (Platts) vs. DME Oman Crude Oil Futures (DKR)
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.
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 arithmetic average of the high and low quotations from the Platts Asia-Pacific Marketscan for Singapore Cargoes of Jet Kerosene minus the DME Oman Crude Oil Futures 1st nearby contract Marker Price as of 16:30 (Singapore time) for each Trading Day during the contract month.
The Floating Price is calculated using the non-common pricing convention. In calculating the spread differential, the monthly average for each component leg of the spread shall be calculated by using all trading days in the month for each component leg of the spread, followed by the calculation of the spread differential between the two averages.
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.
See Legal Disclaimers (“DISCLAIMERS”) incorporated herein by reference.