ICE Crude Diff – Permian WTI 1st Line vs Dubai 1st Line (Platts)

A monthly cash settled future based on the ICE daily settlement price for Permian WTI 1st Line Future and the Platts daily assessment price for prompt Dubai.
Crude Diff – Permian WTI 1st Line vs Dubai 1st Line (Platts) Futures	Crude Diff – Permian WTI 1st Line vs Dubai 1st Line (Platts) Futures 	Crude Diff – Permian WTI 1st Line vs Dubai 1st Line (Platts) Futures 	Crude Diff – Permian WTI 1st Line vs Dubai 1st Line (Platts) Futures
Trading Screen Product Name 	Crude Diff Futures 	Crude Diff Futures 	Crude Diff Futures
Trading Screen Hub Name 	Permian WTI 1st Line/Dubai 1st Line (Platts) 	Permian WTI 1st Line/Dubai 1st Line (Platts) 	Permian WTI 1st Line/Dubai 1st Line (Platts)
Contract Symbol 	HOX 	HOX 	HOX
Contract Size 	1,000 barrels 	1,000 barrels 	1,000 barrels
Unit of Trading 	Any multiple of 1,000 barrels 	Any multiple of 1,000 barrels 	Any multiple of 1,000 barrels
Currency 	US Dollars and cents 	US Dollars and cents 	US Dollars and cents
Trading Price Quotation 	One cent ($0.01) per barrel 	One cent ($0.01) per barrel 	One cent ($0.01) per barrel
Settlement Price Quotation 	One tenth of one cent ($0.001) per barrel 	One tenth of one cent ($0.001) per barrel 	One tenth of one cent ($0.001) per barrel
Minimum Price Fluctuation 	One tenth of one cent ($0.001) per barrel 	One tenth of one cent ($0.001) per barrel 	One tenth of one cent ($0.001) per barrel
Last Trading Day 	Last Trading Day of the contract month 	Last Trading Day of the contract month 	Last Trading Day of the contract month
Floating Price 	In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products. 	In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products. 	In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
Final Settlement 	In respect of final settlement, the Floating Price will be a price in USD and cents per barrel based on the difference between the average of the settlement prices as made public by ICE for the front month Permian WTI Future contract and the average of the “Mid” quotations appearing in “Platts Crude Oil Marketwire” under the heading “Key benchmarks ($/barrel)” for “Dubai” for each business bay (as specified below) in the determination period.	In respect of final settlement, the Floating Price will be a price in USD and cents per barrel based on the difference between the average of the settlement prices as made public by ICE for the front month Permian WTI Future contract and the average of the “Mid” quotations appearing in “Platts Crude Oil Marketwire” under the heading “Key benchmarks ($/barrel)” for “Dubai” for each business bay (as specified below) in the determination period.	In respect of final settlement, the Floating Price will be a price in USD and cents per barrel based on the difference between the average of the settlement prices as made public by ICE for the front month Permian WTI Future contract and the average of the “Mid” quotations appearing in “Platts Crude Oil Marketwire” under the heading “Key benchmarks ($/barrel)” for “Dubai” for each business bay (as specified below) in the determination period.
Contract Series 	Up to 60 consecutive months 	Up to 60 consecutive months 	Up to 60 consecutive months
Final Payment Date 	Two Clearing House Business Days following the Last Trading Day 	Two Clearing House Business Days following the Last Trading Day 	Two Clearing House Business Days following the Last Trading Day
Business Days 	Publication days for Platts Crude Oil Marketwire and ICE 	Publication days for Platts Crude Oil Marketwire and ICE 	Publication days for Platts Crude Oil Marketwire and ICE
MIC Code 	IFED 	IFED 	IFED
Clearing Venues 	ICEU 	ICEU 	ICEU
Trading Hours 	CITY 	TRADING 	PRE-OPEN
Trading Hours 	NEW YORK 	7:50 PM - 6:00 PM*
19:50 - 18:00 	7:40 PM
19:40
Trading Hours 	LONDON 	12:50 AM - 11:00 PM*
00:50 - 23:00 	12:40 AM
00:40
Trading Hours 	SINGAPORE 	8:50 AM - 7:00 AM
08:50 - 07:00 	8:40 AM
08:40
Trading Hours 	Sunday Pre-Open 5:10 PM ET; Closed on Saturday 	Sunday Pre-Open 5:10 PM ET; Closed on Saturday 	Sunday Pre-Open 5:10 PM ET; Closed on Saturday
Codes 	Clearing Admin Name 	Am Crude Diffs 	Am Crude Diffs
Codes 	Physical 	HOX 	HOX
Codes 	Logical 	HOX 	HOX
Codes 	GMI (FC) 	O\ 	O\
Codes 	ION A.C.N. 	None 	None
== Notes ==
==References==
==Resources==
ICE Crude Diff – Permian WTI 1st Line vs Dubai 1st Line (Platts) Product Spec
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