Bloomberg News

Intercontinental Exchange WTI Crude Volumes Drop 52% in January

February 03, 2012

Feb. 2 (Bloomberg) -- Intercontinental Exchange Inc., the second-largest U.S. futures market, said U.S. West Texas Intermediate crude oil futures volume fell 52 percent in January, compared with a year ago.

Average daily volume of WTI contracts, the grade of oil that sets wholesale prices in the U.S., was 157,027 last month, down from 326,694 a year ago, the Atlanta-based company said in a statement today. Intercontinental’s ICE Futures Europe exchange offers trading in WTI and Brent crude oil, the grade that sets wholesale prices worldwide.

Lee Underwood, an Intercontinental spokesman, wasn’t immediately able to comment on the volume drop.

Total volume at ICE Futures Europe fell 5.4 percent last month, compared to a year ago. At the three futures exchanges owned by Intercontinental, average volume dropped 5.7 percent, it said in the statement.

For more news and information: For a list of futures exchanges worldwide: {CEM <GO>} For Intercontinental financials: {ICE US <Equity> FA <GO>} For top oil news: {OTOP <GO>}

--Editors: John Parry, Mitchell Martin

To contact the reporter on this story: Matthew Leising in New York at mleising@bloomberg.net.

To contact the editor responsible for this story: Alan Goldstein at agoldstein5@bloomberg.net.


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