First-ever physically delivered crude oil storage futures contract announced

Chicago, 4 March 2015

CME Group, LOOP LLC (operator of the largest privately-owned crude oil terminal in the U.S.) and NEO Markets, Inc., a leading online marketplace for U.S. physical oil transactions, today announced they had reached a definitive agreement to develop the first-ever physically delivered crude oil storage futures contract. The new LOOP Crude Oil Storage futures contract will begin trading on Sunday, March 29, 2015, for trade date Monday, March 30, 2015, pending all relevant CFTC regulatory review periods.

 


Source: Commodities Now feed

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