ICE reports record volume in Brent oil options
5/25/12 7:28 AM ET (MarketWatch)
NEW YORK (MarketWatch) -- IntercontinentalExchange Inc. said it recorded record volume in ICE Brent Crude options of 78,508 contracts on Thursday. The volume level broke the old record of 63,494 on May 2. The regulated futures exchange, which also handles transactions for clearing houses and over-the-counter markets, said growth in trading in Brent crude has been driven by "rising demand for risk management in regulated energy futures markets." In recent trades on Friday, Brent Crude rose 45 cents to $107 a barrel.