WTI at Midland and Houston: Pillars of transparency for the Americas crude market
Various crude oil benchmarks are struggling to maintain a robust underpinning of physical liquidity – Dated Brent is now based on just about 100 physical traders per year, and Dubai is also facing limited liquidity.
And WTI? Physical trade of Midland-quality WTI is now well over 1mn b/d at Midland and about 500,000 b/d at MEH.
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