The headline: ICE & Magellan team up for new Houston WTI contract The REAL headline: CME, we're not backing downpic.twitter.com/pHo2c4JiRh
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Exactly. Im interested to see if ICE steps up their push to take WTI market share from CME given Brent's slow decline in production & label as the global benchmark. They're throwing their weight behind Murban crude but WTI is becoming more important.
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fwiw this is along the lines i was thinking on; ICE escalating its push to dethrone certain NYMEX (CME) products. However, my issue is that this often turns into "tit-for-tat".
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