Brent 1st Line Future6753532


A monthly cash settled future based on the ICE daily settlement price for Brent Futures.

Market Specifications

Trading Screen Product Name
Crude Futures
Trading Screen Hub Name
Brent 1st Line
Contract Symbol
Contract Size
1,000 barrels
Unit of Trading
Any multiple of 1,000 barrels
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 Price
In respect of final settlement, the Floating Price will be a price in USD and cents per barrel based on the average of the settlement prices as made public by ICE for the front month ICE Brent Futures contract for the month of production.
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 96 consecutive months.
Final Payment Dates
Two Clearing House Business Days following the Last Trading Day
Business Days
Publication days for ICE
MIC Code
Clearing Venue

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
Singapore8:50 AM - 7:00 AM*
08:50 - 07:00
8:40 AM

*Next Day

NOTE: DST in the US will be different than BST time. See Circular 15213 and the associated attachment for temporary trading hours changes.

Sunday Pre-Open 5:40 PM ET; Closed on Saturday


Clearing Admin Name
Crude Outrights
R&N A.C.N.