- Trading Screen Product Name
- Crude Futures
- Trading Screen Hub Name
- Argus WTI Mid 1st Line
- Contract Symbol
JFR
- Contract Size
1,000 barrels
- Unit of Trading
Any multiple of 1,000 metric tonnes
- Currency
US Dollars and cents
- Trading Price Quotation
One cent ($0.01) per barrel
- Settlement Price Quotation
One tenth of one cent ($0.001) per barrel
- Minimum Price Fluctuation
One tenth of one cent ($0.001) per barrel
- Last Trading Day
Last Trading Day of the contract month
- Floating Price
In respect of daily settlement, the Floating Price will be
determined by ICE using price data from a number of sources
including spot, forward and derivative markets for both physical
and financial products.
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per barrel based on the average of the quotations
appearing in the "Argus Crude" report under the heading "WTI",
subheading “Weighted average” for "WTI Midland" (1st
Month) for each business day (as specified below) in the
determination period.
- Contract Series
Up to 60 consecutive months
- Business Days
Publication days for Argus Crude
- MIC Code
- IFED
- Clearing Venues
- ICEU