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Aug. 9, 2013 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced multiple open interest and volume records in its crude oil complex.
Yesterday, August 8, open interest for NYMEX Light Sweet Crude Oil (WTI) futures contracts reached a new record of 1,900,710, compared to 1,892,425 on August 7, 2013.
On Tuesday, August 6, open interest for NYMEX Brent (BZ) crude oil futures reached a record of 64,506, compared to 63,708 on August 2, 2013.
Yesterday, August 8, NYMEX Brent futures had record trading volume of 90,390 contracts, compared to 68,893 on July 19th. In July, average daily volume for NYMEX Brent futures was the highest ever, at 50,679.
On August 1, open interest for CME Group's suite of Light Louisiana Sweet (LLS) contracts reached a new record of 52,645, compared to the old record of 50,234 set on July 31.
"With record open interest and volumes across multiple products, we're also seeing a record number of participants in our in our crude oil complex from all sectors of the market, including commercial hedgers, banks, hedge funds and proprietary trading firms," said
Gary Morsches, Managing Director, Global Energy. "Whether customers choose to use our benchmark NYMEX WTI contract or our growing NYMEX Brent contract, CME Group offers a robust and diverse portfolio of contracts for managing risk in global crude oil and refined products markets."
NYMEX Light Sweet Crude oil, NYMEX Brent and NYMEX Louisiana Light Sweet futures contracts are listed by and subject to the rules of NYMEX.
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