Matrix Cushing

The Matrix Cushing Auction

Cushing, Oklahoma is the most significant trading hub for crude oil in North America, and is often referred to the “Pipeline Crossroads of the World.” Cushing also serves as the delivery point for CME’s West Texas Intermediate Crude (“WTI”) futures contract. The WTI contract has long served as a global price benchmark, and remains one of the most actively-traded futures contracts in the world.

In March 2017, Matrix Global Holdings, M2 Infrastructure and TransCanada announced an agreement to build and operate new crude oil storage tanks on TransCanada’s interconnected facilities, with capacity to hold up to 6 million barrels.

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Agreements and Block Futures

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