The last trading day for China’s crude oil futures contract is the
last trading day of the month preceding the delivery month. For
example, the last trading day for the Jun-2020 contract is May
29th, 2020. The delivery period (delivery of crude warrants) is the
five consecutive trading days after the last trading day.
Trading in the current delivery month of NYMEX WTI contract
ceases on the third business day prior to the twenty-fifth calendar
day of the month preceding the delivery month. If the twenty-fifth
calendar day of the month is a non-business day, trading ceases
on the fourth business day prior to the last business day preceding
the twenty-fifth calendar day. For example, the last trading day
for the Jun-2020 contract (delivery month) is May 20th, 2020.
The NYMEX WTI contract calls for physical delivery; the delivery
period is from the rst business day to the last business day of the
delivery month.
The last trading day for the ICE Brent contract is the last business
day of the second month preceding the contract month. For
example, the last trading day of the Jun-2020 contract is April 30th,
2020. The ICE Brent contract is cash settled against the ICE Brent
Index Price, a well-developed spot market price which provides an
authoritative price for the final settlement of the futures contract.
The last trading day for the DME Oman contract is the last trading
day of the second month preceding the delivery month. For
example, the last trading day for the Jun-2020 contract is April 30,
2020. The DME Oman contract calls for physical delivery defined in
the following way: Intention notices for delivery and matching are
completed on the rst business day after the last trading day, and
delivery shall be completed within the delivery month.
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