Your browser is unsupported

Please visit this URL to review a list of supported browsers.

ICE Markets Expiry Calendar

New enhancements to our digital expiry calendar help you easily access important information for the markets you trade.

View now

Fuel Oil Outright - USGC HSFO (Platts) Future6753543
ICE Futures U.S.

Fuel Oil Outright - USGC HSFO (Platts) Future

Download

Description

A monthly cash settled future based on the Platts daily assessment price for US Gulf Coast High Sulphur Fuel Oil.

Market Specifications

Trading Screen Product Name
Fuel Oil Futures
Trading Screen Hub Name
USGC HSFO (Platts)
Contract Symbol
RBO
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 ($0.001) per barrel
Last Trading Day
Last Trading Day of the contract month
Floating Price
In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
Final Settlement
In respect of final settlement, the Floating Price will be a price in USD and cents per barrel based on the average of the “Mid” quotations appearing in the “Platts US Marketscan” under the heading “Gulf Coast” subheading “Houston” and “$/barrel” for “USGC HSFO" for each business day (as specified below) in the determination period.
Contract Series
Up to 60 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

Trading Hours

CityTradingPre-Open
New York7:50 PM - 6:00 PM*
19:50 - 18:00
7:40 PM
19:40
London12:50 AM - 11:00 PM*
00:50 - 23:00
12:40 AM
00:40
Singapore7:50 AM - 6:00 AM*
07:50 - 06:00
7:40 AM
07:40

*Next Day

Sunday Pre-Open 5:10 PM ET; Closed on Saturday

Codes

Clearing Admin Name
Am Ref bbl
Physical
RBO
Logical
RBO
GMI (FC)
BI
ION A.C.N.
SN24
Symbol Code
RBO