Brent volumes, traded via open outcry and the ICE platform, represented approximately 180 million barrels of crude oil and an underlying value of over $5 billion on the physical market.
Dr. Richard Ward, IPE Chief Executive said, "We are pleased to have started 2004 on such a strong footing. The continued strength of the Brent contract reinforces the industry's increasing reliance on the IPE's oil markets and the importance of the Exchange's role within the risk management portfolios of an increasingly diverse spectrum of market participants."
