Deliverable in Houston
The physically delivered Permian WTI futures contract has a delivery point in Houston, bringing a light sweet U.S. crude to the global market.
The future creates a new benchmark for pricing U.S. domestic crude production, and is deliverable to the most active crude trading hub on the U.S. Gulf Coast.
It provides a controlled, predictable quality specification that will give the market a benchmark for pricing U.S. crudes where they meet the global market.
Access additional hedging and trading opportunities in a liquid, electronic marketplace from October 22*.
* Subject to satisfactory conclusion of applicable regulatory processes and approval.
Additional Inter-commodity spreads will be offered to help customers mitigate price risk between various locations and grades:
ICE Oil Products