CME Group Announces Open Interest for WTI-Brent Crude Oil Spread Options Contract Exceeds 125,000 for First Time
“The price spread between NYMEX WTI and Brent has come in considerably over the last few months, moving from over
Record open interest in NYMEX BV comes at the same time that open interest for NYMEX Light Sweet Crude (WTI) Futures remains at record highs of over 1.7 million contracts and average daily trading volumes and open interest of NYMEX Brent (BZ) is at record levels.
“Our crude oil and refined products complex is in a very strong position right now, with robust trading in WTI and Brent, and export-driven growth in refined products propelling our RBOB Gasoline and ULSD contracts,” Morsches added. “Whether customers choose to hedge using our benchmark futures or innovative options contracts like NYMEX BV, CME Group offers the most robust, diverse marketplace for managing risk in the energy markets.”
CME Group’s global energy complex includes the world’s leading benchmarks – NYMEX WTI, Henry Hub Natural Gas, NYMEX Gasoline and ULSD Heating Oil (HO) – and trades more than 1.8 million contracts a day.
These contracts are listed by and subject to the rules of NYMEX.
As the world’s leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through its CME Globex(®) electronic trading platform and its trading facilities in
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SOURCE CME Group