Ice to align crude quality contract specifications of ice midland wti (hou) futures with physical gulf coast crude cargoes

Houston--(business wire)--intercontinental exchange (nyse: ice), a leading global provider of technology and data, today announced plans to further align the ice midland wti (ice:hou) futures contract with midland wti crude oil included in the dated brent basket. the contract changes to the crude oil quality of ice hou futures include the addition of a maximum iron content of 10 milligrams per kilogram (mg/kg) and to replace the combined nickel and vanadium maximum content of 3.0 mg/kg to indiv.
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