Intercontinental Exchange says its restructured Midland WTI crude oil contract is set to launch on January 24, anticipating that the March 2022 futures contract will be the first deliverable to both Magellan- and Enterprise-run terminals. ICE global head of oil markets Jeff Barbuto said the contract "marks an important milestone in the development of the U.S. Gulf Coast as the benchmark location for pricing U.S. crude."
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