Open interest hits record high in energy as ICE preps new oil service

Oil Rig_Fotolia_450x250
By Ross Lancaster
19 Feb 2020

The Intercontinental Exchange (ICE) has hit record open interest in futures and options on oil and natural gas, as it also readies a data platform for oil markets.

Volatility has hit oil this year, with the price of Brent crude oil trading at $58.70 on Wednesday, well down from $66 where it started the year.

On Tuesday, ICE announced that last week open interest in its oil futures and options had hit a 13.1m record. Traders ...

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