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Liquidity grows in WTI Crude Oil Weekly options
WTI Weekly options are a tool for more precise risk management – and traders are taking notice. Year-to-date average daily volume stands at 8.8K contracts, up 40% to 2022, while average daily open interest is over 20K contracts, up 54%. With expirations each Friday, Weekly options offer greater flexibility when managing risk associated with market-moving events.
Traders turn to WTI Midland and WTI Houston to hedge U.S. Gulf Coast price risk
CME Group WTI Midland and WTI Houston trade as a differential to benchmark WTI and offer the best liquidity for WTI-Midland grade crude oil. The market in these two contracts has grown significantly in preparation for the inclusion of WTI Midland in the Dated Brent index this June. Average daily volume reached a record 12,822 contracts this March, while open interest also stands at a record of over 428K contracts. Review our suite of U.S. Crude Oil Grades futures, available to trade on CME Direct or through an active broker market.
Why Cushing Matters: An Update on the WTI Benchmark
Source: CME Group
With global oil production growth expectations largely concentrated in the North American shale basins, Cushing, the pricing hub for WTI Crude Oil futures, will see even greater volumes of crude oil in the coming years.
These market expectations are reflected in Platts' decision to reflect cargoes of WTI Midland in its North Sea Dated Brent crude oil benchmark beginning in June 2023.
See what makes Cushing the critical hub as a delivery point for the global crude oil benchmark.
Access the world’s most liquid natural gas market on CME Direct
Source: CME Group
Open interest in Henry Hub futures has grown 19% compared to 2022 and is currently over 2M contracts. Traders can execute Henry Hub futures and options on CME Direct, a fast, secure, highly configurable front-end for trading futures, options, and block markets. See the benefits and functionality of CME Direct with Henry Hub markets using a real-time view into the platform.
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