Closing Range definition

Closing Range means in respect of a Relevant Month Contract for a WTI Oil Contract on a Trading Day, the final two minutes of trading during the Regular Trading Hours trading session on the floor of NYMEX in New York in that Relevant Month Contract;
Closing Range. ’ means ‘‘in respect of a Trading Day and a Relevant Month WTI Contract, the final two minutes of trading during the Regular Trading Hours trading session on the floor of NYMEX in New York’’;

Examples of Closing Range in a sentence

  • Midpoint of the Closing Range: In products that use this procedure, the first trade and all subsequent trades, higher bids and lower offers that are quoted during the established closing time period will be included in the closing range.

  • At the Closing Range and LJM shall execute an “Option Agreement” in the form attached hereto as Exhibit E pursuant to which LJM shall have certain rights to participate in xxxxx drilled on the Additional Prospects.

  • At the Closing, Range will assign the Seismic to LJM by the execution of a Seismic Data Assignment in the form attached hereto as Exhibit C (the “Seismic Assignment”), subject to the reservations set forth in this paragraph and in the Seismic Assignment.

  • Effective simultaneously with the Closing, Range will cause Buyer to be admitted as the member of the Operating Entities with the right to participate in the management of the business and affairs, and to exercise the rights and powers of a member, of each, and concurrently therewith Range will cease to be the member of each and cease to have or exercise any right or power as a member of the Operating Entities.

  • Thereafter, we refer to this ratio as the Relative Closing Range (RCR).

  • Lo.2.2 Following Market Close, the Exchange will declare Closing Prices, which will be determined by the UTP, in the manner described in Trading Procedure 2.2.2, during the last thirty seconds of trading (known as the Closing Range).

Related to Closing Range