Contract Specifications:PN,NYMEX | Trading Unit: | 42,000 U.S. gallons (1,000 barrels) | | Tick Size: | $0.0001 (0.01 ¢) per gallon ($4.20 per contract) | | Quoted Units: | US $ per gallon | | Initial Margin: | $4,388 Maint Margin: $3,250 | | Contract Months: | 15 consecutive months commencing with the next calendar month. | | Last Trading Day: | Close of business on the last business day of the month preceding the delivery month.
| | Trading Hours: | 9:20 A.M. - 1:10 P.M., for the open outcry session.
After-hours trading is conducted via electronic trading system from 5 P.M. to 7 P.M., Monday through Thursday.
All times are New York time. | | Daily Limit: | $0.25 per gallon ($10,500 per contract) | |