IntercontinentalExchange reports record OI for global commodity, energy markets

IntercontinentalExchange announced record open interest, or OI, across its global commodity and energy futures and options markets, with record volume in oil options. On March 15, ICE hit record OI of 51.1M contracts across commodities futures and options, up 10% since the start of the year, as well as record OI in energy futures and options of 47M. Across ICE’s global oil markets, OI is up 18% since the start of the year at 11.37M contracts, with OI in Brent futures and options up 28% at 4.98M contracts. On March 15, a record 567,731 oil option contracts traded on ICE, including a record 513,567 Brent options. Both records were last set three years ago on March 9, 2020. Brent is used to price an estimated 80% of oil traded on the global market and is the most liquid crude oil futures and options market in the world.