Bloomberg News

ICE Futures Makes Maiden 93,400 Tons Low-Sulfur Gasoil Delivery

February 07, 2012

Feb. 7 (Bloomberg) -- Intercontinental Exchange Inc. said 93,400 metric tons of low-sulfur gasoil were delivered for the first time against its new futures contract in January.

Low-sulfur gasoil futures, which began trading on Sept. 19, had an average daily volume of 451 contracts last month and open interest was at 5,178 as of yesterday, the bourse said in an e- mailed statement.

The amount of gasoil delivered against the higher-sulfur contract, which is the benchmark for heating oil, diesel and jet fuel in Europe, was 167,000 tons last month. That contract is the world’s largest for a refined product with 65.8 million lots traded last year, according to ICE.

--Editors: Raj Rajendran, Rob Verdonck.

To contact the reporter on this story: Lananh Nguyen in London at lnguyen35@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


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