International derivatives marketplace CME Group today announced that trading in its U.S. Crude Grade futures, which are Argus-settled and trade as a differential to the global benchmark WTI Crude Oil futures, reached several records in April 2024:
- Record ADV of 17.8K contracts, up 54% year-over-year
- Record ADV for WTI Midland contracts of 7.1K, up 73% year-over-year
- Record ADV for WTI Houston contracts of 10.7K, up 43% year-over-year
- Record average daily open interest (ADOI) of 612K contracts per day, up 45% year-over-year
- Record April ADOI for WTI Midland contracts of 279.9K contracts, up 37% year-over-year
- Record April ADOI of WTI Houston of 332.8K contracts, up 53% year-over-year
- Record…
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