TOCOM Crude Oil
The Tokyo Commodity Exchange (TOCOM) crude oil contract is a cash-settled futures transaction based on Middle East crude oil prices. The benchmark price is based on the average value of Dubai and Oman crude prices and the final settlement price of the contract after expiry is the yen based monthly average value of the two as reported by a price information vendor such as Platts. The contract was first listed on TOCOM on September 10, 2001. The contract unit is 50 kiloliters (approx. 314.5 barrels) and the price increment is 10 JPY per 1 kiloliter. As for all TOCOM commodity futures products, crude oil futures contracts are continuously traded on TOCOM's electronic trading platform. Crude oil market participants include commercial oil companies, investment and commodity index funds, professional traders as well as individual investors and speculators. TOCOM crude oil futures trading hours are as follows:
Click on the link below for TOCOM crude oil contract specifications.