CHICAGO, Feb. 14, 2013 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, announced it reached a record in open interest for its global benchmark NYMEX Light Sweet Crude Oil (WTI) futures contracts yesterday, February 13, 2013. Open Interest for NYMEX WTI reached 1,665,014 contracts, compared to 1,664,400 on May 11, 2011, the last record for this contract.
This comes shortly after NYMEX Brent (BZ) has hit multiple trading volume records and open interest remains at record levels.
"It's widely agreed that the most important story in the global crude oil market right now is happening in North America, and record open interest in our WTI contract reflects that," said Gary Morsches, Managing Director, Global Energy, CME Group. "CME Group is the only marketplace where all three oil benchmarks trade: NYMEX WTI, the world's most liquid crude oil benchmark, NYMEX Brent, the European crude benchmark, and DME Oman, a benchmark for the East-of-Suez market."
CME Group's global energy complex includes the world's leading benchmarks – NYMEX WTI, Henry Hub Natural Gas, NYMEX Gasoline and ULSD Heating Oil – and trades more than 1.8 million contracts a day.
NYMEX light sweet crude oil and NYMEX Brent 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. CME Group exchanges offer 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 commodities, metals, weather and real estate. CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the world's leading central counterparty clearing providers, which offers clearing and settlement services across asset classes for exchange-traded contracts and over-the-counter derivatives transactions. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk.
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SOURCE CME Group