...manage their underlying risks. WTI futures settle with actual transactions that result in physical delivery as opposed to other products which are disconnected from the physical and settled via assessments."
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Interesting comments from $CME on WTI vs. Brent question brought up by @aosipovich in their earnings call this morning:
"Commercial and end-user customers who participate in physical oil markets need the certainty that convergence provides so that they can optimally...
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"other products" =
$ICE Brent futures... looking forward to hearing what$ICE has to say on the matter. https://www.wsj.com/articles/negative-oil-prices-pose-headache-for-futures-giant-cme-11587547802 …Show this thread
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