CME Group mulls Albany crude futures contract

摘要

Houston—CME Group is considering the start of a crude oil futures contract based in Albany, New York, where a transportation hub is forming as shale oil moves more readily on rail around the US, a top manager for the exchange said Monday. The CME is in the early stages of gathering information to potentially launch a futures contract at Albany, Managing Director of Global Energy Gary Morsches told Platts. “With all the transloading and all the rail cars and everything else that is becoming a pretty good commerce point,” he said.