August is typically a slower month than the rest of the year due to the holiday season but this year energy markets have experienced significant price volatility, with record prices of $45.15 barrel for IPE Brent Crude futures and $409.25 tonne for IPE Gas Oil futures being reached on 20 August.
“These are atypical times in energy markets” said Jackie Bullimore, Head of Oil Markets. “The price of oil has rarely been out of the headlines and the importance of IPE futures contracts as risk management tools and trading instruments in such an environment has once again been demonstrated.”
About the IPE
The International Petroleum Exchange (IPE) is Europe's leading energy futures and options exchange, providing regulated open-outcry and electronic marketplaces where participants use futures and options to manage their price risk exposure in the physical energy markets. For more information, please see www.theipe.com.
