The new contracts and their commodity codes will be American-style Brent crude oil options (OS), European-style Brent crude oil look-alike options (BE), West Texas Intermediate (WTI) Brent crude oil spread options (BV) and Brent crude oil average price options (BA).
The first listed month will be April 2008. The minimum price fluctuation will be $0.01 per barrel. Fees will be waived for three months.
Strike price intervals for the WTI-Brent crude oil spread options contract will be 10 strike prices in increments of $0.10 per barrel above and below the at-the-money strike price.
Strike price intervals for the other contracts will be 10 strike prices in increments of $0.50 per barrel above and below the at-the-month strike price.
