Experimental 3:15 ET assessments in US Marketscan

As of March 9, Platts will publish on an experimental basis assessments that reflect transactable value for Globex/NYMEX heating oil, RBOB, and crude futures with a timestamp of 3:15 pm Eastern Time in the US Marketscan.

In addition, Platts will publish on an experimental basis spot US Gulf Coast conventional unleaded and US Gulf Coast ULSD assessments that use the 3:15 pm ET underlying futures basis as assessed by Platts rather than the 2:30 pm ET NYMEX settlement time, also in the US Marketscan.

These experimental assessments will address Platts' current proposal to align its Americas assessment processes for physical oil to fully reflect market value at 3:15 pm ET, and Platts is still seeking feedback on that proposal.

Platts will publish assessments that reflect transactable value for the two front months of Globex/NYMEX heating oil, RBOB, and light sweet crude futures with a 3:15 pm ET timestamp.

In the assessment process, Platts will examine trades as well as prevailing bid and offers levels up until precisely 3:15 pm ET in order to determine demonstrable and repeatable value for Globex/NYMEX futures at that timestamp, rather than using the last trade at 3:15 pm ET or a weighed average near 3:15 pm ET to determine value.

For any questions or comments, please contact Esa Ramasamy, +1-713-658-3292, esa_ramasamy@platts.com, with a cc to pricegroup@platts.com.