Intercontinental Exchange Inc. (ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, announced plans to launch a physically delivered Permian West Texas Intermediate (WTI) crude oil futures contract, deliverable in Houston, Texas. The Houston delivery point has become the pricing center for U.S. crude oil production and exports, and the new flat price futures contract is designed to serve hedging and trading opportunities in this growing market.
Warmer than normal weather in the eastern U.S. through mid-January probably will cut demand for natural gas and heating oil.
Analysis of the energy complex with special attention paid to the turmoil in the Middle East including Libya, Iran and Saudi Arabia