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RBOB Gasoline Futures |
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WIKI ANALYSIS
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This article describes a futures contract with a discrete termination or delivery date. View articles referencing this futures contract. |
RBOB Gasoline futures are traded on the New York Mercantile Exchange under ticker symbol RB in U.S. dollars and cents per gallon.[1]
The Chart at left displays the front-month price for RBOB Gasoline on the New York Mercantile Exchange (NYMEX) in cents per gallon
Delivery Dates
RBOB Gasoline futures are delivered every year in January, February, March, April, May, June, July, August, September, October, November and December (all months).[1]
The following is a table with RBOB Gasoline futures delivery dates and resultant tickers for 2009. For an explanation on commodity tickers see commodity ticker construction.
| Delivery Month | Full Ticker Symbol | Thomson-Reuters Symbol |
| January, 2009 | RBF9 | RB/F9-NM |
| February, 2009 | RBG9 | RB/G9-NM |
| March, 2009 | RBH9 | RB/H9-NM |
| April, 2009 | RBJ9 | RB/J9-NM |
| May, 2009 | RBK9 | RB/K9-NM |
| June, 2009 | RBM9 | RB/M9-NM |
| July, 2009 | RBN9 | RB/N9-NM |
| August, 2009 | RBQ9 | RB/Q9-NM |
| September, 2009 | RBU9 | RB/U9-NM |
| October, 2009 | RBV9 | RB/V9-NM |
| November, 2009 | RBX9 | RB/X9-NM |
| December, 2009 | RBZ9 | RB/Z9-NM |
Contract Specifications
Contract Size
One RBOB Gasoline futures contract on the New York Mercantile Exchange is 42,000 U.S. gallons (1,000 barrels).[1]
Tick (blood sucker) Value
$0.0001 (0.01¢) per gallon ($4.20 per contract).[1]
Daily Price Limit
$0.25 per gallon ($10,500 per contract) for all months. If any contract is traded, bid, or offered at the limit for five minutes, trading is halted for five minutes. When trading resumes, the limit is expanded by $0.25 per gallon in either direction. If another halt were triggered, the market would continue to be expanded by $0.25 per gallon in either direction after each successive five-minute trading halt. There will be no maximum price fluctuation limits during any one trading session.[1]
Trading Hours
- On the CME Globex electronic platform: 6:00 PM until 5:15 PM Sunday through Friday. There is a 45-minute break each day between 5:15PM (current trade date) and 6:00 PM (next trade date), New York Time.[1]
- Open Outcry (pit session): 9:00 AM until 2:30 PM, New York Time.[1]
Last Trading Day
Trading terminates at the close of business on the last business day of the month preceding the delivery month.[1]
Deliverable Grades
Generally conforms to industry standards for reformulated regular gasoline blendstock for oxygen blending (RBOB) with 10% denatured fuel ethanol (92% purity) as listed by the Colonial Pipeline for fungible F grade for sales in New York and New Jersey. RBOB is a wholesale non-oxygentated blendstock traded in the New York Harbor barge market that is ready for the addition of 10% ethanol at the truck rack.[1]
References
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 The New York Mercantile Exchange's contract specification for RBOB Gasoline futures
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