Fuel Oil Crack - USGC HSFO (Platts) vs WTI 1st Line Future6753298
ICE Futures U.S.
Fuel Oil Crack - USGC HSFO (Platts) vs WTI 1st Line Future
Description
A monthly cash settled future based on the difference between the Platts daily assessment price for US Gulf Coast High Sulphur Fuel Oil and the ICE settlement price for WTI 1st Line Future.
Market Specifications
- Trading Screen Product Name
- Fuel Oil Crack Futures
- Trading Screen Hub Name
- USGC HSFO (Platts)/WTI 1ST Line
- Contract Symbol
- GUF
- 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 ($0.001) per barrel
- Last Trading Day
- Last Trading Day of the contract month
- Floating Price
- In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
- Final Settlement
- In respect of final settlement, the Floating Price will be a price in USD and cents per barrel based on the difference between the average of the “Mid” quotations appearing in the “Platts US Marketscan” under the heading “Gulf Coast” subheading “Houston” and “$/barrel” for “USGC HSFO” and the average of the settlement prices as made public by NYMEX for the front month WTI Future for each business day (as specified below) in the determination period.
Common Pricing applies. - Contract Series
- Up to 48 consecutive months
- Final Payment Date
- Two Clearing House Business Days following the Last Trading Day
- Business Days
- Publication days for Platts US Marketscan
- MIC Code
- IFED
- Clearing Venues
- ICEU
Related Products
- Fuel Oil Outright - USGC HSFO (Platts) Future
- Heating Oil Crack - Heating Oil 1st Line vs Brent 1st Line Future (in bbls)
- Fuel Oil Crack - USGC HSFO (Platts) vs Brent 1st Line Future
- Gasoline Crack - RBOB Gasoline 1st Line vs Brent 1st Line Future (in bbls)
- Fuel Oil Crack - Marine Fuel 0.5% FOB USGC Barges (Platts) vs Brent Crude 1st Line Futures Show More
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
- GUF
- Logical
- GUF
- GMI (FC)
- Q3
- ION A.C.N.
- Symbol Code
- GUF