ICE Brent crude benchmark sets new record
Published by Francesca Brindle,
Editorial Assistant
Hydrocarbon Engineering,
Intercontinental Exchange (ICE), a leading operator of global exchanges and clearing houses and provider of data and listing services, has announced that ICE Brent Crude futures achieved a daily volume record of 1 963 147 contracts on 30 November 2016. The previous daily volume record was 1 526 965 contracts on 15 July 2014.
Year to date, the total contract volume for ICE Brent futures is 194 306 060 contracts and open interest stands at 2 273 281 contracts as at 30 November 2016. Open interest reached record levels in April 2016.
ICE Brent Crude remains the leading global benchmark for oil, with up to two thirds of the world’s oil priced off the Brent complex. Introduced in 1988, the Brent futures contract has continually evolved to reflect changing market fundamentals and the hedging requirements of market participants across the globe.
Read the article online at: https://www.hydrocarbonengineering.com/refining/05122016/ice-brent-crude-benchmark-sets-new-record/
You might also like
Hydrocarbon Engineering Podcast
Susan Bell, Senior Vice President within Commodity Markets – Oil, Rystad Energy, discusses the impact of trade wars on global oil demand and oil prices, in light of President Trump’s ‘Liberation Day’ tariffs.
Hydrocarbon Engineering Spotlight with Honeywell Process Solutions
Omar Sayeed and Rahul Negi, Honeywell Process Solutions, join us to consider how new, innovative technology can help to overcome some of the challenges facing the downstream oil and gas sector.
