Friday, May 23, 2014

Liquidity builds on WTI crude diverted to E. Houston

The sleepy market for sweet West Texas Intermediate crude for delivery close to East Houston's refineries is beginning to wake up. This week alone, more than four spot deals with a delivery point in East Houston have been done for physical volumes of WTI, according to five market participants. Until recently, most East Houston WTI trades were generally medium-term deals for six months or more ...

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