Fuel Oil Crack - New York 1% Fuel Oil vs WTI 1st Line Future6753287
ICE Futures U.S.
Fuel Oil Crack - New York 1% Fuel Oil vs WTI 1st Line Future
Description
A monthly cash settled future based on the difference the Platts daily assessment price for New York 1% Fuel Oil and the daily settlement price for WTI 1st Line Future.
Market Specifications
- Trading Screen Product Name
- Fuel Oil Crack Futures
- Trading Screen Hub Name
- 1% NYH Cg/WTI 1st Line
- Contract Symbol
- FOK
- Contract Size
- 1,000 barrels
- Unit of Trading
- Any multiple of 1,000 barrels
- 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 ($0.001) per barrel
- Last Trading Day
- Last Trading Day of the contract month
- Floating Price
- In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
- Final Settlement
- In respect of final settlement, the Floating Price will be a price in USD and cents per barrel based on the difference between the average of the mean of the high and low quotations appearing in the "Platts US Marketscan" under the heading "Atlantic Coast New York" subheading "Residual fuel ($/bbl)" and "Cargo" for "No. 6 1%"and the average of the settlement prices as made public by ICE for the front month ICE WTI 1st Line Swap Future contract for each Business Day in the determination period.
- Contract Series
- Up to 48 consecutive months
- Final Payment Date
- Two Clearing House Business Days following the Last Trading Day
- Business Days
- US Business Days
- MIC Code
- IFED
- Clearing Venues
- ICEU
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Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 7:50 PM - 6:00 PM* 19:50 - 18:00 | 7:40 PM 19:40 |
| LONDON | 12:50 AM - 11:00 PM 00:50 - 23:00 | 12:40 AM 00:40 |
| SINGAPORE | 8:50 AM - 7:00 AM* 08:50 - 07:00 | 8:40 AM 08:40 |
*Next Day
Sunday Pre-Open 5:10 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- Am Cracks bbl
- Physical
- FOK
- Logical
- FOK
- GMI (FC)
- Q5
- ION A.C.N.
- Symbol Code
- FOK