WTI P-Plus

The CME NYMEX WTI crude futures contract is the underlying benchmark in nearly all US domestic crude price contracts. Differences between futures and physical trading arrangements make pricing physical WTI barrels complex. Two formula mechanisms are commonly used in physical transactions that link directly to the NYMEX settlement prices – the CMA average and WTI P-Plus. Today we conclude a two-part look at WTI spot crude pricing.