Physical Oil Traders Tap Houston Futures as Shale Goes Global
Physical deliveries against ICE's Midland WTI contract in Houston rose 46% this year through July compared to the same period a year earlier. That's a faster pace compared with the 33% gain seen in the more established Nymex WTI contract, which delivers into the landlocked storage hub in Cushing, Oklahoma, according to data from the exchanges.
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