ICE Marks Latest Evolution for Brent as Midland Joins the Largest and Most Liquid Oil Contract in the World
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星期三, 五月 24, 2023
Brent options represent the primary crude oil options market in the world in terms of open interest and volume.
Key Points:
- Brent options represent the primary crude oil options market in the world in terms of open interest and volume.
- This month, Midland-origin WTI crude became an additional deliverable grade into the Brent basket creating a link between the price for U.S. Gulf Coast (USGC) Midland barrels and the settlement of ICE Brent futures.
- These include ICE Brent crude oil (ICE: B); ICE Midland WTI (ICE: HOU); ICE Dated Brent vs. Brent 1st Line (ICE: DBF); and ICE Aframax USGC to U.K.
- The same physical Midland WTI barrels deliverable against the ICE HOU contract can be delivered into Dated Brent and the rest of the Brent complex.