Total market volume for August 2002 was 2,336,282 lots compared to 1,871,362 the same month last year, an increase of 25 percent.
IPE Brent Crude futures traded 1,643,254 lots in August 2002, equivalent to 1.6 billion barrels of crude oil. This is an increase of 2.7 percent over August 2001, when 1,289,152 lots of IPE Brent Crude futures were traded.
"This the best August we have seen since the start of trading in 1981 in terms of trading activity on the IPE," said Jackie Bullimore. "Our members and customers continue to see the benefits of our market that provides them with the flexibility as well as added security that is essential in the current market environment."
