CME launches dual listing of oil and gas options

The financially settled crude oil, Brent crude oil last day and natural gas calendar spread option contracts will begin on January 25 for a trade date of January 26. The crude and Brent crude oil contracts will be 1,000 barrels in size, with a minimum price fluctuation of $0.01 per barrel. Natural gas contracts will have a minimum fluctuation of $0.001 per million British thermal units (MMBtu) and be 10,000 MMBtu in size.

Expiration of the crude oil contracts will occur on the business day immedi