Platts acquires Oil Price Information Service

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New York—McGraw-Hill Cos.' Platts, a provider of energy information, has agreed to acquire Oil Price Information Service from United Communications Group. OPIS provides news and price information on petroleum markets in North America.

Financial terms of the deal, which is expected to close in the first half of next year, were not disclosed.

“It supports our growth strategy by expanding our presence in North America and extending our price reporting into the wholesale and retail petroleum markets,” Larry Neal, president of Platts, said in a statement about the acquisition.

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