Rising U.S. shale exports turn WTI into 24-hour benchmark – CME

19 October 2018, News Wires — Rising U.S. crude oil exports to Europe and Asia have had a knock-on effect in the futures market, turning the U.S. West Texas Intermediate contract into a near-24 hour benchmark, exchange operator CME Group said. Owain Johnson, managing director for energy research and development at CME, said the shift has … More »