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Jun 22, 2018 · The difference between physical, NYMEX-spec WTI and the NYMEX contract is what's called the exchange-for-physical, or EFP, which on Wednesday was heard to have traded at 2 cents/b. Therefore, physical WTI that meets NYMEX specs is worth 2 cents/b more than plain-old NYMEX-suitable crude.
The ICE Midland WTI (HOU) contract is a physically deliverable futures contract for WTI Midland barrels with exchange-guaranteed quality that meets the Platts Midland WTI spec priced in Houston. Since the addition of Midland WTI to the Brent complex in June 2023, HOU volumes have risen from 5,000 contracts per day and 5,000 lots of open interest to over 20,000 lots a day and over 140,000 lots ...
3 days ago · Gain direct exposure to the crude oil market using CME Group West Texas Intermediate (WTI) Light Sweet Crude Oil futures, the world’s most liquid oil contract. WTI Crude Oil futures and options are the most efficient way to trade the largest light, sweet crude oil blend. Hedge to minimize the impact of potentially adverse price moves on the ...
The difference between physical, NYMEX-spec WTI and the NYMEX contract is what is called the exchange-for-physical, or EFP, which typically ranges from flat, or 0 cents/b, to roughly 5 cents/b. In other words, physical WTI that meets NYMEX specs is often worth a few cents more than plain-old NYMEX-suitable crude.
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A basket of five crudes, comprisedof Brent, Forties, Oseberg, Ekofisk,and Troll (BFOET) Brent is a waterborne crude. It can be shipped and stored globally, either on land or in floating storage. Brent reflects global oil marketfundamentalsand the global economy. Approximately 70% of the world’s traded crude is priced relative to Brent.
Dec 15, 2017 · Current NYMEX Light Sweet Crude Oil Contract Specifications. Sulfur: 0.42% or less by weight as determined by A.S.T.M. Standard D-4294, or its latest revision. Gravity: Not less than 37 degrees API, nor more than 42 degrees API as determined by A.S.T.M. Standard D-287, or its latest revision. Viscosity: Maximum 60 Saybolt Universal Seconds at ...
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May 4, 2024 · West Texas Intermediate (WTI) is a grade of crude oil and one of the main three benchmarks in oil pricing, along with Brent and Dubai Crude. WTI is considered a high-quality oil that is relatively ...
