NYMEX expanding US cash crude clearing on Clearport

Newswire

By Bruce Nichols HOUSTON, Jan 30 (Reuters) - The New York Mercantile Exchange has expanded its clearing options for U.S. cash crude deals amid an expanding credit crunch, an exchange official said on Friday. NYMEX, the world's largest clearinghouse for oil futures contracts, will build a "complete slate" of cash crude and cash oil products listings on its ClearPort system, which already handles three cash crudes, said Dan Brusstar, director of energy research for NYMEX parent CME Group ...

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