Intercontinental Exchange, Inc. announced on October 22, 2024, that ICE Brent crude futures and options reached a record open interest of 6.4 million contracts on October 18, 2024. This global benchmark price for crude oil surpassed its previous record set in April 2020.
The open interest in Brent futures and options increased by 20% year-over-year. This growth indicates a strong and expanding market for hedging and risk management in the global crude oil sector.
This milestone reflects sustained customer confidence and engagement in ICE's energy markets. High open interest is a key indicator of future trading volumes and potential revenue generation for the company.
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