International derivatives marketplace CME Group today announced that trading in its suite of WTI weekly options, the company’s fastest growing energy products, reached record average daily volume in August of 12,291 contracts.
All of the top five record months for Weekly WTI Crude Oil options have occurred this year.
Peter Keavey, Global Head of Energy and Environmental Products at CME Group, commented:
“As global crude oil market participants continue to navigate a number of supply and demand factors, they are turning to our suite of weekly WTI options in record numbers. Year to date, average daily volume for Friday Weekly WTI options reached a record 9,285 contracts, up 74%, while total combined volume for Monday and Wednesday expirations has already surpassed 100,000 contracts since launching just over a month ago.”
