RPT-FACTBOX-The quest for new crude oil contracts

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July 22 (BestGrowthStock) – Exchange operator CME Group Inc (CME.O: )
plans to launch a new futures contract for Western Canadian
Select crude oil on July 28.

The new contract will allow traders to play the fastest
growing source of crude oil production in North America, which
is having an increasingly important impact on oil prices in the
United States.

Previous attempts to launch new oil futures contracts have
had limited success as a lack of liquidity has kept trade from
moving to a host of new alternatives.

The following lists some recent attempts to introduce
futures on alternative grades of crude oil to the widely traded
West Texas Intermediate crude futures in the United States and
Brent futures in Britain.
GRADE EXCHANGE RESULT
Mars, LLS, NYMEX (now CME) Contracts launched in 2003
WTS, WTI at did not attract liquidity
Midland, TX were delisted in 2007. CME

plans to relaunch the Mars

contract by end 2010
Brent NYMEX Europe 2005 contract failed to win

significant market share
WTI ICE Futures Europe Financially settled contract

finds favor with investors

after 2006 launch, becomes

a major factor in the market
Middle East ICE Futures Europe Financially settled contract
Sour Crude fails to become benchmark for

Asia after mid-2007 launch
Oman DME Physically delivered

contract achieves some

success but open interest

remains well below other

benchmark crudes

Stock Market Investing

(Reporting by Robert Campbell; editing by Peter Galloway)

RPT-FACTBOX-The quest for new crude oil contracts