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The significance of WTI in the global crude oil market has never been greater |
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Since the addition of WTI Midland to the Dated Brent Index a year ago, WTI has influenced the Index price 60% of the time. This shift has exposed international crude oil markets to U.S. priced WTI crude oil, emphasizing the need to manage WTI price exposure.
Combined with current heightened geopolitical tensions, this change has turned market participants to WTI Crude Oil futures and options, which experienced double-digit growth this June,
WTI (CL) futures +11% and WTI (LO) options +19% year-on-year.
WTI-Brent Financial (BK) futures are experiencing increased participation, too, with June average daily volume (ADV) at 31K contracts, the highest monthly volume since 2019, and year-to-date (YTD) 2024 volume up 54% year-on-year.
June open interest (OI) for WTI Houston (HTT) and WTI Midland (WTT)
futures, which offer the best liquidity for WTI-Midland grade crude oil, hasn't found a ceiling topping 686K contracts. |
Market-leading WTI Crude Oil Weekly options add two new expiries |
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The addition of Tuesday and Thursday expirations on WTI Crude Oil options will round out our suite of highly liquid Monday, Wednesday and Friday expirations and Monthly options, offering the most precise tools to hedge short-term price risk, no matter when volatility occurs.
WTI Crude Oil Weekly options reached new heights in Q2 2024, with open interest (OI) at 39.5K contracts daily and average daily volume (ADV) at over 20K contracts.
*Pending regulatory review |
U.S. LNG exports spike Natural Gas futures volume |
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Last year, and continuing through H1 2024, the U.S. has exported record levels of liquefied natural gas (LNG) to Europe and Asia, increasing the need to hedge LNG costs across the globe and pushing market participation in Henry Hub Natural Gas (NG) futures to record highs this year, with ADV reaching 565K contracts. Specifically, Henry Hub Natural Gas futures volume during non-U.S. hours is up 61% YoY to 57K contracts per day in 2024.
This change in market dynamics, combined with supply concerns and weather, have driven the suite of Henry Hub Natural Gas futures and options to a combined ADV of 825K contracts this June. |
Record temps heat up Natural Gas options trading | |
Heat waves across the U.S. has fueled volatility in natural gas prices, driving Henry Hub (LN) options to an unparalleled ADV of 244K contracts.
CME Group has the most liquid on-screen Natural Gas options market, trading 150K contracts daily, an increase of 120% YoY. |
CME Direct adds TrendSpider charting functionality | |
CME Group has partnered with TrendSpider to bring a new dynamic and modern charting experience to the CME Direct platform. TrendSpider is designed to make charting and analysis more fluid and effective, so you can quickly make trading and risk management decisions. The new functionality includes multi-time frame analysis, the use of over 200 indicators, the ability to perform one-click automated technical analysis and detect hundreds of candlestick chart patterns in real-time.
Watch our webinar to see the full breadth of TrendSpider's charting functionality, including a live demo within CME Direct. |
Expanded suite of risk management tools for the Biofuels market |
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New financially-settled RINs futures and options and California Low Carbon Fuel Standard (LCFS) futures are now available for trading.
These newly listed futures and options expand CME Group's evolving biofuels offering while also complementing our suite of Refined Products.
D4 Biodiesel and
D6 Ethanol
RINs futures and average price options, based on OPIS price assessments, offer market participants cost-effective ways to manage risk associated with volatility in RINs prices.
LCFS futures, also based on an OPIS assessment, provide traders the ability to manage exposure to California LCFS credit markets. |
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 3 MIN READ |
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Why the World is Using More Ethanol |
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Biofuels will likely play an important role in decarbonizing sectors like aviation and shipping. |
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5 MIN READ |
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Asia’s Growing Appetite for LNG |
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More U.S. LNG is headed to Asia, emphasizing the relevance of Henry Hub as a key natural gas pricing mechanism globally. |
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Data as of July 1, 2024, unless otherwise specified |
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Where risk meets opportunity. As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk. CME Group enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data. CME Group exchanges offer the widest range of global benchmark products across all major asset classes including interest rates, equity indexes, FX, energy, agricultural products and metals.
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