Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

IPE: April Showers Brent With Record Open Interest

Date 05/05/2004

The International Petroleum Exchange (IPE), Europe’s leading energy futures and options exchange, today announced that trading ahead of the recent UK bank holiday had produced a record open interest figure of 371,574 lots for its flagship Brent Crude futures contract.

In addition April 2004 closed as the best ever April for both the Brent Crude and Gas Oil futures contracts, with 2,070,175 lots and 723,968 lots traded respectively. Collectively, these volumes represent 2.6 Billion barrels of crude oil and an underlying value of over $92 Billion.

The performance of the two contracts in turn contributed to record total Exchange volume for April, with 2,857,343 lots traded during the month.