The CME Group Inc. (Nasdaq: CME) will launch a physically delivered crude oil storage futures contract in the U.S. Gulf Coast at the end of March that traders say may be timely given record levels of stockpiles nationwide. Under the agreement, each futures contract represents the right to store 1,000 barrels (bbl) of crude at LOOP LLC’s Clovelly Hub in Louisiana. The new contract will begin trading on March 29, for trade day March 30, pending regulatory approval. There are 7 million bbl of storage available for the contract, according to Terry Coleman, a spokesman for LOOP.
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机译：CME Group Inc.（纳斯达克股票代码：CME）将于3月底在美国墨西哥湾沿岸推出实物交割的原油储存期货合约，交易商称，鉴于全国库存水平创历史新高，这可能是及时的。根据该协议，每份期货合约均具有在LOOP LLC位于路易斯安那州的Clovelly Hub储存1,000桶原油的权利。新合约将于3月29日开始交易，交易日为3月30日，尚待监管部门批准。 LOOP发言人特里·科尔曼（Terry Coleman）表示，该合同的可用存储量为700万桶。
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