Common Contracts
1 similar null contracts
ContractAugust 19th, 2020
ICE Futures EuropeAug 19, 2020 Permian WTI Storage Future Contract Specifications Description A physically settled Permian WTI crude oil storage futures contract for the right to store Permian WTI crude oil in the Magellan East Houston terminal system. This is a designated capacity allocation contract (CAC) which shall be used for delivery on the Exchange for the legal right to use designated MEH Storage capacity (as defined in the Magellan Midstream Partners, L.P terms and conditions, hereafter “Terms and Conditions” ) for a specified calendar month Product Permian WTI storage capacity, as defined in the exchange and clearinghouse rules Commodity Code HOS Contract Size 1,000 barrels Unit of Trading Any multiple of 1,000 barrels Currency US Dollars and cents Trading Price Quotation One cent ($0.01) per barrel Settlement Price Quotation One tenth of one cent ($0.001) per barrel Minimum Price Fluctuation One tenth of one cent ($0.001) per barrel Last Trading Day Trading in the curr
