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Intercontinental Exchange, Inc. , a leading global provider of data, technology, and market infrastructure, today announced record trading activity across its ICE Dubai and Murban crude markets, as...
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(Bloomberg) -- One of the hottest trades in the oil market this year is keeping on rolling, with the potential to reshape the value of physical crude cargoes and transform global flows. Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckEastern US Prepares for a ‘Potent’ Storm System: Weather WatchPayPal Launches a Stablecoin in Latest Crypto Payments PushTexas Power Prices to Surge 800% on Sunday Amid Searing HeatHSBC Executive Slams ‘Weak’ UK for Backing US Aga
The inclusion of WTI Midland into the Dated Brent benchmark has vastly widened the pool of tradeable cargoes and made dated Brent more liquid.
Almost exactly two years ago, bp Plc shocked the global oil market by saying that its most important pricing benchmark — the North Sea crude price Dated Brent — was experiencing “regular dislocations.”