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CME to list WTI-Dubai crude futures as US-Asia oil trade flow grows
November 21, 2017 / 6:46 AM / a month ago

CME to list WTI-Dubai crude futures as US-Asia oil trade flow grows

SINGAPORE, Nov 21 (Reuters) - CME Group Inc said it will list a new futures contract that prices the spread between West Texas Intermediate and Middle East benchmark Dubai as the flow of U.S. crude to Asia grows.

The January WTI-Dubai crude oil futures contract could start trading on Dec. 18 pending all relevant Commodity Futures Trading Commission regulatory review periods, it said in a notice on its website late on Monday.

Each contract will represent 1,000 barrels.

Reporting by Florence Tan; editing by Richard Pullin

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