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Brent Crude Oil is one of the world’s main types of crude oil and serves as a global benchmark price for oil trading. Brent originates from oil fields in the North Sea, primarily located between Scotland and Norway, and is named after the Brent oil field owned by Shell. Brent Crude is a blend of oils from several fields, including Brent, Forties, Oseberg, Ekofisk, and Troll, commonly abbreviated as BFOET.
The Rolling Brent Crude Oil Contract (MINIBRENT) is a product resulting from the collaboration between PT Jakarta Futures Exchange and Onyx Capital, one of the largest traders of oil-based derivative contracts in the world.
The reference price used is the Oil Brent Index (OBI), published in The Officials, The Benchmark, Asian Edition.
| CONTRACT | MONTH | OPEN | HIGH | LOW | LAST | CHANGE | SETTLEMENT | VOLUME | PREVIOUS | DATE |
|---|---|---|---|---|---|---|---|---|---|---|
| MINIBRENT | DEC 9999 | 0.00 | 0.00 | 0.00 | 0.00 | 0.23 | 62.56 | 0.00 | 62.33 | 24 Dec 2025 |
| MINIBRENT | DEC 9999 | 0.00 | 0.00 | 0.00 | 0.00 | 0.38 | 62.33 | 0.00 | 61.95 | 23 Dec 2025 |
| MINIBRENT | DEC 9999 | 0.00 | 0.00 | 0.00 | 0.00 | 1.47 | 61.95 | 0.00 | 60.48 | 22 Dec 2025 |
| MINIBRENT | DEC 9999 | 0.00 | 0.00 | 0.00 | 0.00 | 0.43 | 60.48 | 0.00 | 60.05 | 19 Dec 2025 |
| MINIBRENT | DEC 9999 | 0.00 | 0.00 | 0.00 | 0.00 | 0.15 | 60.05 | 0.00 | 59.90 | 18 Dec 2025 |
| MINIBRENT | DEC 9999 | 0.00 | 0.00 | 0.00 | 0.00 | 0.81 | 59.90 | 0.00 | 59.09 | 17 Dec 2025 |
| MINIBRENT | DEC 9999 | 0.00 | 0.00 | 0.00 | 0.00 | -1.09 | 59.09 | 0.00 | 60.18 | 16 Dec 2025 |
| MINIBRENT | DEC 9999 | 0.00 | 0.00 | 0.00 | 0.00 | -1.12 | 60.18 | 0.00 | 61.30 | 15 Dec 2025 |
| MINIBRENT | DEC 9999 | 0.00 | 0.00 | 0.00 | 0.00 | 0.25 | 61.30 | 0.00 | 61.05 | 12 Dec 2025 |
| MINIBRENT | DEC 9999 | 0.00 | 0.00 | 0.00 | 0.00 | -0.84 | 61.05 | 0.00 | 61.89 | 11 Dec 2025 |
| # | CONTRACT SPECIFICATIONS | DESCRIPTION |
|---|---|---|
| 1 | Contract Code | MINIBRENT |
| 2 | Contract Size | 100 barrels |
| 3 | Contract Basis | JFX The Officials Rolling Brent Crude Oil Contract is based on the price of The Oil Brent Index (OBI) as published in The Officials, The Benchmark, Asian Edition. |
| 4 | Trading Days & Hours | 1. Trading days are Monday to Friday, excluding designated trading holidays for this contract. 2. Trading holidays for the Brent Crude Oil Rolling Contract are New Year’s Day, Good Friday, and Christmas Day. 3. Trading hours are from 09:00 AM to 01:30 AM (GMT+7) on the following day. |
| 5 | Currency | USD |
| 6 | Tick Size | USD 0.05 per barrel |
| 7 | Price Reference | The price reference used is The Oil Brent Index (OBI) as published in The Officials, The Benchmark, Asian Edition with the following provisions: a. The M+2 month OBI price is used from the first business day up to the Contract Rollover Date, which is the penultimate business day of each month. b. The M+3 month OBI price is used on the last business day of each month. |
| 8 | Contract Rollover Method: | 1. The Contract Rollover Date is the penultimate business day of the current month. 2. All open positions at the end of the Contract Rollover Date will be rolled over to the next trading day. 3. The rollover process is done by realizing profit or loss at the end of the Contract Rollover Date based on the Daily Settlement Price. The open position will be carried over to the next trading day with a price adjustment in accordance with the new reference price. 4. A rollover fee will be charged to the party performing the rollover, with the amount stipulated in the Joint Decree |
| 9 | Settlement Method | Cash settlement |
| 10 | Settlement Price |
|
| 11 | Transaction Fees and Margin | Provisions regarding the determination of the amount of transaction fees and margin will be stipulated by a Joint Decree (SKB). |
| 12 | Position Limit | 1000 Lots |
| 13 | Reportable Position Threshold | 750 Lots |