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S&P Platts to offer price assessment for US WTI shipped to Asia

Starting Oct. 1, S&P Platts will introduce two new price assessments for US West Texas Intermediate Midland cargoes reflecting deliveries to Singapore and South Korea's Yeosu. "The market has already shown appetite to demonstrate the value of WTI though the recent publication of the first firm and transparent offer in the Platts Asia Market On Close price assessment process, priced at a premium to Platts Dubai," S&P Global Platts' Vera Blei said.

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