May 29, 11:55 AM EDT
Media & Culture
New US sour crude years from benchmark status-CME
By IBT Staff Reporter on 12/07/09 AT 10:32 AM
Officials of CME Group Inc expressed optimism on Friday about the success of a new physically deliverable U.S. sour crude oil futures that launches next week, but said it would take years to become a benchmark, if it ever does.