Brent Crude Oil (Last Day) Futures (BZ) — Contract Specifications
NYMEX · Energy
The seaborne benchmark against WTI's landlocked one. Financially settled, so no delivery logistics.
Contract specifications
| Exchange symbol | BZ |
|---|---|
| Exchange | NYMEX |
| Contract size | 1,000 barrels |
| Minimum tick | $0.01 per barrel |
| Value per tick | $10.00 |
| Contract months | All 12 calendar months |
| Settlement | Financially settled |
| Trading hours | Sun–Fri 18:00–17:00 ET, 60-minute break each day at 17:00 ET |
What one tick is worth
The minimum price increment is $0.01 per barrel. Because the contract covers 1,000 barrels, each tick is worth $10.00 per contract.
This contract is cash settled, so there is no delivery obligation and no first notice day. Positions settle in cash against the reference price.
Other contracts on this market
| Contract | Size | Per tick |
|---|---|---|
| WTI Crude Oil CL · NYMEX | 1,000 barrels | $10.00 |