Bloomberg reports: Trading in ICE's Gasoil futures and options markets has thrived since Russian barrels were excluded from the contract in 2023 📈
ICE saw a series of open interest records in gasoil, or low-sulphur diesel, markets during June 2024. Activity was particularly strong in options with open interest and quarterly volumes at a record.
"More than 18 months on from ICE's first successful delivery of Russian-free barrels of gasoil, the contract continues as the most liquid distillate benchmark," said Jeff Barbuto, Global Head of Oil Markets at ICE.
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