Magellan and enterprise to develop joint houston crude oil futures contract

Houston--(business wire)--magellan midstream partners, l.p. (nyse: mmp) and enterprise products partners l.p. (nyse:epd) today announced that affiliates of the two companies have entered into an agreement to jointly develop a futures contract for the physical delivery of crude oil in the houston area in response to market interest for a houston-based index with greater scale, flow assurance and price transparency. the quality specifications will be consistent with a west texas intermediate (“wt
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