Dave Marino, http://oilblog.platts.com

ICE and NYMEX Duke It Out For The (Sweet) Sour Crude Contract

There are already ways to hedge sweet vs. sour risk. Over-the-counter Brent-Dubai swaps are widely traded, and cleared on both ICE and NYMEX. There is also rising interest in Urals CFDs. However, a sour crude contract could bring in more of the purely financial players to the Dubai/Oman market and add liquidity.