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UPDATED: Nymex follows Saudi sour crude endorsement with new contracts

Nymex is to launch two sour crude oil contracts after Saudi Aramco’s announcement this week that it will use the Argus Sour Crude Index (ASCI) as a benchmark for US sales from January 2010.

Author: Pauline McCallion

Source: Energy Risk | 30 Oct 2009

Categories: Oil, Commodity Derivatives

Topics: Platts, Energy trading, New York Mercantile Exchange (Nymex), Price discovery, West Texas Intermediate (WTI)

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