Deliverable in Houston
Fueling Global Demand
U.S crude cargoes to Asia are surging, meeting demand for U.S oil amid the Shale revolution. This dynamic has amplified the importance of arbitrage hedging and trading instruments. Leveraging the global accessibility of ICE Permian WTI futures ICE offers an inter-commodity spread between ICE Permian WTI and Dubai 1st line.
As record amounts of U.S. crude are moved to the coast for export, oil markets have seen trading activity shift to liquid hubs on the U.S. Gulf Coast. We designed a contract to serve as a benchmark for pricing U.S. crude production and exports, delivering a light sweet crude to the global market.
The physically delivered Permian WTI futures contract has a delivery point in Houston, the most active crude trading hub on the U.S. Gulf Coast. Deliverable into the Magellan East Houston terminal, barrels from the Longhorn and BridgeTex pipeline are recognized for their consistent high quality, which does not allow blending.
To give participants full confidence in contract quality, Magellan provides the monthly average for their test results.
Access additional hedging and trading opportunities in a liquid, electronic marketplace
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