ICE Futures Europe

Gasoil Crack - Gasoil 0.1% CIF NWE Cargoes vs Brent 1st Line Future

Gasoil Crack - Gasoil 0.1% CIF NWE Cargoes vs Brent 1st Line Future6753292


A monthly cash settled future based on the difference between the Platts daily assessment price for Gasoil 0.1% CIF NWE Cargoes and the ICE daily settlement price for Brent 1st Line Future.

Market Specifications

Trading Screen Product Name
Gasoil Crack Futures
Trading Screen Hub Name
0.1% CIF NWE Cg/Brent 1st Line
Commodity Code
Contract Size
1,000 metric tonnes (7,450 BBLS)
Unit of Trading
Any multiple of 1,000 metric tonnes
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 "Platts European Marketscan" under the heading "Northwest Europe cargoes" subheading "CIF NWE/Basis ARA" for "Gasoil 0.1%" and the average of the settlement prices as made public by ICE for the front month Brent 1st Line Swap Future for each Business Day in the determination period. Conversion factor: 1 metric tonne = 7.45 barrels.
Roll Adjust Provision
In order to use the correct Floating Price quotations, the nearby month quotation for ICE Brent Futures specified in the Floating Price terms above will be used except for the expiration date of the commodity's underlying delivery month's futures contract. On such date, the applicable pricing quotation will be rolled to the following month's futures contract.
Contract Series
Up to 60 consecutive months
Final Payment Date
One Business Day following the Last Trading Day
Business Days
UK Business Days
MIC Code
Clearing Venues

Trading Hours

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

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


Clearing Admin Name
Cracks mt
R&N A.C.N.