Brent Crude Oil vs DME Oman/Platts Dubai Crude Oil BALMO Futures (DRB)
1,000 U.S. barrels
U.S. dollars dollars and cents per barrel
Trading Symbol on Globex
Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET).
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.
3 consecutive months
Minimum Price Fluctuation
$0.001 per barrel ($1.00 per contract)
(A) The Floating Price for each contract month in equal to the arithmetic average of the Brent Crude Oil (ICE) Futures first nearby contract settlement price minus the average of the sum of the arithmetic average of the DME Oman Crude Oil Futures first nearby contract Market Price calculated as of 16:30 (Singapore time) and the arithmetic average of the mid-point between the high and low quotations for the Platts Dubai Crude Oil assessment as published in the Daily Crude Oil Marketwire for each Trading Day during the contract month (using non-common pricing) except as noted in (B) below.
(B) The settlement price for the first nearby contract month will be used except on the last day of trading for the expiring Brent Crude Oil (ICE) Futures when the settlement price of the second nearby Brent Futures contract will be used.
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 shall cease on the last Singapore business day of the contract month.