CME/Platts US futures spreads (clarification)

As a clarification to Platts' published subscriber note of September 28, 2011, all spreads published by Platts reflecting the difference between the NYMEX 2:30 p.m. ET futures settlements and and the Platts futures assessments at 3:15 p.m. ET. should be expressed as CME settlement minus the Platts assessment.

All published spreads will reflect that structure with immediate effect.

Platts began publishing the spreads on October 3. Platts will review previously published data to ensure that all spreads are correctly recorded in its Market Data database.

Please send comments/inquiries to oilgroup@platts.com and pricegroup@platts.com.