SUBSCRIBER NOTE: Platts to enhance US cash WTI assessment

With effect from February 26, 2018, S&P Global Platts will assess physical (or cash) West Texas Intermediate crude oil in Cushing, Oklahoma, by applying the WTI Calendar Delta to the calendar month average derivative contract. The assessment for WTI Exchange of Futures for Physical differential will reflect the spread between cash WTI and the relevant CME NYMEX light sweet crude futures contract.

Platts will assess the WTI Calendar Delta based on observed and reported bids, offers and trades.

This change was first proposed January 17, 2018.

The affected assessments are:

Assessment Market data code WTI Cushing M1 PCACG00 WTI Cushing M2 PCACH00 WTI Cushing M3 AAGIT00 WTI EFP M1 AAGVT00 WTI EFP M2 AAGVU00 WTI EFP M3 AAGVV00 WTI-Delta AAEJK00

This change will more closely reflect pricing for WTI crude oil at Cushing, as well as domestic crude grades which price relative to physical WTI.

Please send any questions or comments to americas_crude@spglobal.com and pricegroup@spglobal.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.