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