Crude Outright - Argus WTI Midland 1st Line Future

ICE Futures U.S.

A monthly cash settled future based on the Argus daily assessment price for WTI Midland (1st Month).

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

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Sunday Pre-Open: 17:40, Open: 17:50