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 individual maxi ...