ICE adds to crude oil suite with futures launch

Oil pump adobe stock
By Ross Lancaster
22 Oct 2018

The Intercontinental Exchange (ICE) has thrown a new product into the US crude oil futures market, launching physically delivered WTI crude oil contracts.

ICE already offers WTI crude futures to its customers. Monday’s launch introduces Permian WTI crude oil futures to the exchange’s product suite. 

The contracts will be physically deliverable in Houston, Texas.

“When we were designing the Permian WTI futures, customers consistently told us that it was critical to offer ...

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