ICE Reports Record Volumes in Brent, Energy for March


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- Intercontinental Exchange (ICE) has reported record 
trading in energy futures for March amid the Middle East conflict, with volumes 
in global crude benchmark Brent hitting all-times as market participants tried 
to hedge price risks.

   Brent crude futures and options saw 8.3 million contracts changing hands 
this month, against the broader historic volume of 72.7 million contracts for 
all energy markets, ICE said in a statement.

   Total oil open interest climbed to 19.8 million contracts, with record daily 
volumes occurring on March 3. On that date, ICE processed 9.3 million oil 
contracts and 1.4 million gasoil trades as volatility spiked across the complex.

   Natural gas markets saw an open interest of 46.6 million contracts. North 
American natural gas positions accounted for 40.1 million of those contracts.




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