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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 ...
Jun 23, 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. Returning to that first price indication for WTI ...
WTI crude. A participant with an open short position must make delivery of physical WTI crude. • Contract expiry usually 3 business days prior to the 25th calendar day of the month before delivery (adjusted earlier if 25th is not a business day). Physical delivery made between first and lastday of the delivery month.
Jun 25, 2020 · This can be seen on the chart below, where Brent Month 1 to Month 2 timespreads are less volatile than WTI Month 1 to Month 2 timespreads. Source: ICE. For the same reasons, and directly driven by the less extreme price swings, the realized volatility for Brent is lower than WTI. This is shown in the charts below.
People also ask
What's the difference between physical WTI and NYMEX-spec WTI?
What is Nymex WTI?
Should the NYMEX use WTI instead of light sweet crude?
When does a NYMEX WTI contract expire?
Are Nymex WTI (Cushing) futures physically deliverable?
Why is ICE Brent better than Nymex WTI?
At the heart of the global pricing network, the Cushing hub provides the physical delivery mechanism for the NYMEX WTI futures contract. When the WTI futures contract was first listed in 1983, Cushing was already a vibrant hub for cash market trading of crude oil with a network of pipelines, refineries, and storage terminals: the obvious choice ...
