NCDEX Light Sweet Crude Oil

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Light Sweet Crude Oil futures
Exchange National Commodity & Derivatives Exchange
Settlement Physically delivered
Contract Size 100 barrels (1 barrel = 42 US gallons = 158.98 liters)
Pricing Unit Need pricing unit!
Tick Value 1 Rupee
Contract Months All months
Last Trading Day Need LTD rules!
Note: This contract is electronic ONLY -- no open outcry
  No Open Outcry Electronic
Trading Hours N/A Mondays through Fridays: 10:00 AM to 11:30 PM

10:00 AM to 11:55 PM (during US day light saving period) Saturdays: 10:00AM to 02:00 PM Expiry Date: at 11:30 PM / 11:55 PM

Ticker Symbol N/A CRUDEOIL
Price Limits N/A Daily Price fluctuation limit will be (+) / (-) 6 %. On the first day the limit on daily price fluctuation will be reckoned with reference to the opening price. If the trade hits this price limit, price freeze would be applied for 15 minutes. Thereafter, the price limit would be extended by another (+)/ (-) 3%. No trade would be permitted during the day beyond the revised price limit of (+)/ (-) 9%. On the second and subsequent days of trade, the daily price fluctuation limit will be reckoned with reference to the mark-to -market rate of the previous closing day.



NCDEX Light Sweet Crude Oil Contract Specifications