CHICAGO, Nov. 1, 2017 /PRNewswire/ -- CME Group, the
world's leading and most diverse derivatives marketplace, today
announced WTI Light Sweet Crude Oil futures open interest surpassed
2.5 million contracts for the first time on Tuesday, October 31.
WTI futures open interest reached a record 2,509,878 contracts
yesterday, surpassing the previous record of 2,492,940 contracts
set on October 30, 2017, and
increasing 20 percent since the start of the year.
"The U.S. is now a global leader in production and export of
crude oil, with exports recently topping two million barrels per
day in the month of September," said Peter
Keavey, CME Group Global Head of Energy. "Increasingly, the
global crude oil marketplace is relying on our deep and liquid
NYMEX WTI Crude Oil futures as the de facto global price-setting
and risk management benchmark."
On average, WTI futures have traded 1.25 million contracts per
day during 2017, an increase of 16 percent versus the same period
last year.
WTI Light Sweet Crude Oil futures contracts are listed by and
subject to the rules of NYMEX.
As the world's leading and most diverse derivatives marketplace,
CME Group (www.cmegroup.com) is where the world comes to manage
risk. Through its exchanges, CME Group offers the widest
range of global benchmark products across all major asset classes,
including futures and options based on interest rates, equity
indexes, foreign exchange,energy, agricultural products and
metals. CME Group provides electronic trading globally on its
CME Globex platform. The company also offers clearing
and settlement services across asset classes for exchange-traded
and over-the-counter derivatives through its clearinghouses CME
Clearing and CME Clearing Europe. CME Group's products and
services ensure that businesses around the world can effectively
manage risk and achieve growth.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex and E-mini are trademarks of Chicago Mercantile Exchange
Inc. CBOT, Chicago Board of
Trade, KCBT and Kansas City Board
of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York
Mercantile Exchange and ClearPort are trademarks of New York
Mercantile Exchange, Inc. COMEX is a trademark of Commodity
Exchange, Inc. Dow Jones, Dow Jones Industrial Average,
S&P 500 and S&P are service and/or trademarks of Dow Jones
Trademark Holdings LLC, Standard & Poor's Financial Services
LLC and S&P/Dow Jones Indices LLC, as the case may be, and have
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other trademarks are the property of their respective
owners.
CME-G
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SOURCE CME Group