IPE Brent Futures Set Second Consecutive Daily Volume Record

IntercontinentalExchange (ICE) yesterday announced a second consecutive daily volume record in the benchmark IPE Brent crude oil contract. On July 13, IPE Brent volume reached 187,295 contracts, exceeding the previous day’s record volume of 185,144 contracts. Open interest in the IPE Brent contract stood at 368,944 contracts. This record follows the IPE’s April transition from open-outcry trading to electronic trading.