CME Group’s Micro WTI options volume surpasses 100K contracts traded

CME Group announced that Micro WTI options volume surpassed 100,000 contracts on December 13, 2022. "Traders are facing unprecedented volatility as markets react to recession risk, OPEC and U.S production shifts, changing demand from China, geopolitical events and other factors," said Peter Keavey, Global Head of Energy and Environmental Products at CME Group. "As a result, we are seeing an increase in demand for the flexibility and capital efficiency of our Micro WTI options to navigate uncertainty and express a view on how these variables could evolve. We are pleased that our Micro WTI futures and options continue to grow as market participants increasingly seek access to our global benchmark."