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Take two: Nymex relaunches Russian crude in financial format


The New York Mercantile Exchange will list a Russian Export Blend Crude Oil (Rebco) future on November 23, for trade date November 24. Daniel Brusstar, Nymex’s vice-president of research in New York, said the new financially settled contract would be “easier than the physical contract for people to digest”. Nymex launched a physically settled Rebco contract in October 2006 but it has never traded.Hassles about physically settling a contract for Russian oil are thought...

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