The Crude Report: Soaring trade volume for WTI at the Gulf coast — harbinger of an emerging global crude benchmark

Trade volumes for US benchmark WTI have just hit record levels of nearly 790,000 b/d at the Magellan East Houston (MEH) pricing hub at the Gulf coast. Join Argus' deputy crude markets editor, Amanda Hilow, and VP of business development Jeff Kralowetz for a quick look at why WTI trade is setting records at the Gulf coast and what to expect in crude markets in the coming weeks.