CHICAGO, May 8, 2024
/PRNewswire/ -- CME Group, the world's leading derivatives
marketplace, today announced that trading in its U.S. Crude Grade
futures, which are Argus-settled and trade as a differential to the
global benchmark WTI Crude Oil futures, reached several records in
April 2024:
- Record ADV of 17.8K contracts, up
54% year-over-year
- Record ADV for WTI Midland contracts of 7.1K, up 73% year-over-year
- Record ADV for WTI Houston contracts of 10.7K, up 43% year-over-year
- Record average daily open interest (ADOI) of 612K contracts per day, up 45% year-over-year
- Record April ADOI for WTI Midland contracts of
279.9K contracts, up 37%
year-over-year
- Record April ADOI of WTI Houston of 332.8K contracts, up 53% year-over-year
- Record single-day open interest of a combined 657,889 contracts
on April 29, 2024
"As U.S. crude oil exports hit new records, commercial demand
for our WTI-linked export contracts is also growing rapidly as
global market participants manage their price exposure," said
Peter Keavey, Global Head of Energy
at CME Group. "WTI's position as a global benchmark has never been
stronger. Looking ahead, in addition to these volume and open
interest records, open interest extends through December, 2027,
indicating a growing number of long-term deals being indexed to
WTI."
WTI Midland (Argus) vs. WTI futures and WTI Houston (Argus) vs.
WTI futures are listed by and subject to the rules of NYMEX. For
more information, please visit here.
As the world's leading derivatives marketplace, CME Group
(www.cmegroup.com) enables clients to trade futures, options, cash
and OTC markets, optimize portfolios, and analyze data – empowering
market participants worldwide to efficiently manage risk and
capture opportunities. CME Group exchanges offer the widest range
of global benchmark products across all major asset classes based
on interest rates, equity indexes, foreign
exchange, energy, agricultural
products and metals. The company offers futures and
options on futures trading through the CME Globex platform, fixed
income trading via BrokerTec and foreign exchange trading on the
EBS platform. In addition, it operates one of the world's
leading central counterparty clearing providers, CME
Clearing.
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Inc. CBOT and Chicago Board
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Mercantile Exchange, Inc. COMEX is a trademark of Commodity
Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC
and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a
product of S&P Dow Jones Indices LLC ("S&P DJI").
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Futures contracts based on the S&P 500 Index are not sponsored,
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CME-G
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SOURCE CME Group