ICE Announces Record Trading Activity in Dubai and Murban Crude As Participants Utilize ICE’s Global Oil Complex to Manage Crude Flows
As part of a complex underpinned by ICE Brent and ICE Gasoil, the reference prices globally for crude oil and middle distillates, and ICE Midland WTI (HOU) which prices and delivers Midland WTI barrels which are also now deliverable into Dated Brent and the Brent complex, ICE’s
ICE
Meanwhile, ICE’s Murban futures market reached record OI, volume, and ADV in July with OI reaching a record 61,301 on July 28, 2023, and approximately 240,000 contracts traded during the month, with record ADV of 12,000 contracts.
Both ICE’s
“The growth of our Murban and
Each month, customers use the Murban futures contract to hedge exposure to Murban crude prices, trade, and take physical delivery of Murban crude, with 11 million barrels headed for delivery at the most recent expiry, its second highest.
Murban and
Oil is one part of ICE’s extensive global commodity markets where OI hit a record 55.4 million contracts in July 2023.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2022, as filed with the SEC on February 2, 2023.
Category: EXCHANGES
ICE- CORP
Source: Intercontinental Exchange
View source version on businesswire.com: https://www.businesswire.com/news/home/20230809257143/en/
ICE Media Contact:
Rebecca Mitchell
Rebecca.Mitchell@ice.com
+44 7951 057 351
ICE Investor Contact:
Katia Gonzalez
katia.gonzalez@ice.com
(678) 981-3882
Source: Intercontinental Exchange