Houston, TX (PRWEB) December 01, 2017
Matrix Markets, host of the monthly online auctions for crude oil storage capacity at LOOP LLC (LOOP), announces a notice to participants. The minimum bid price which LOOP will accept during its monthly LOOP Sour Storage auctions has been adjusted to $0.05 per barrel. The new minimum bid price will go into effect starting with the December 2017 auction.
About Matrix Markets
Matrix Markets is an innovative financial products development company and a trusted strategic advisor for clients who include the world’s leading energy merchants and commodity trading firms, as well as owners and operators of infrastructure assets. Matrix’s first initiative was the highly successful development of the world’s first futures contract on crude oil storage capacity, which allows qualified entities to purchase storage during a monthly online auction. For more information, please visit https://matrix.global/matrix-markets/.
The information contained in this document has been compiled for general purposes only. Any opinions, news, research, analyses, prices, or other information contained in this document is provided as general market commentary, and does not constitute investment advice. Although every attempt has been made to ensure the accuracy of the information within this document, the company assumes no responsibility for any errors or omissions or any loss or damage which may arise directly or indirectly from use or reliance on such information. Trading in futures or physical forward agreements is not suitable for all investors, and involves a high level of risk. Futures are a leveraged investment, and because only a percentage of a contract’s value is required to trade, it is possible to lose more than the amount of money deposited for a futures position. Therefore, traders should only use funds that they can afford to lose without affecting their lifestyles. Futures products are offered only through Matrix Auctions LLC and its registered personnel.