Often considered the life-blood of developed nations, RBOB is one of the headline-making products from the energy sector of NYMEX. Short for “reformulated gasoline blendstock for oxygen blending”, this crude oil derivative is an integral part of daily life and the subject of frequent debate and news discussions.

Contract Size: 42,000 gallons (about 1,000 barrels)

Price Quote & Tick Size: U.S. Dollars and cents per gallon; minimum tick size .01 cents per gallon or $4.20 per contract.

Contract Months: All months

Trading Specs: Open outcry trading is conducted from 9:00 AM until 2:30 PM ET. Electronic trading via the CME Globex® trading platform Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT) Clearport trading Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)

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.

Trading Symbols: RB