NYMEX CMA definition
NYMEX CMA means, with respect to any Month, the arithmetic average of the daily settlement prices for the “Light Sweet Crude Oil” prompt Month futures contract reported by NYMEX for all days from the first day of such Month through the last day of such Month, excluding all NYMEX Non-Trading Days. For each Month, the value for the NYMEX CMA will be taken from the report published by the Office of Natural Resources Revenue of the United States Department of the Interior on the website ▇▇▇▇▇://▇▇▇.▇▇▇▇.▇▇▇/Valuation/NYMEX.htm under the column “Calendar Month Avg.”.
NYMEX CMA means the arithmetic average of the daily settlement prices for the “Light Sweet Crude Oil” prompt month contract reported by NYMEX for the period beginning with the first day of the delivery month through the last day of the delivery month, including weekends and NYMEX holidays and NYMEX non-trading days with the previous day’s settlement price applying to weekends and NYMEX holidays and NYMEX non-trading days.
Examples of NYMEX CMA in a sentence
The price per barrel of such Product for purposes of this section 7 shall be the NYMEX CMA daily average settle quoted price for "Light Sweet Crude Oil" (excluding weekends and US holidays) for the month in which the losses and/or gains occurred.