Europe's Intercontinental Exchange Inc ICE has revealed that trading in European diesel futures and optionshas been thrivingever since Russian crude was excluded from the continent's benchmark
Europe ’s Intercontinental Exchange Inc ICE has revealed that trading in Europe an diesel futures and options has been thriving ever since Russian crude was excluded from the continent’s benchmark. ICE has reported seeing a series of open interest records in the gasoil, or diesel, market that it operates for the month of June with open interest in options and quarterly volumes setting new records.
The total supply of benchmark grades including Brent, Oseberg, Ekofisk, Forties, Troll and now WTI Midland has almost doubled from three years ago. Dated Brent accounts for roughly 80% of the world's crude trade. WTI Midland is similar in quality to the North Sea crude used in Dated Brent. WTI Midland has set the price of Dated Brent more than half the time since its debut in the benchmark.
Diesel Diesel Russia Sanctions ICE Energy Futures
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