ICE: Low Sulphur Gasoil futures and options open interest up 40% y/y

Intercontinental Exchange announced that its Low Sulphur Gasoil markets hit a series of open interest records through June 2024, reaching a high of 1.2M across futures and options on July , equivalent to 120M metric tons. ICE Low Sulphur Gasoil sits at the center of middle distillates trading as the global benchmark for refined oil products. Gasoil futures and options open interest is up over 40% year-over-year with trading volumes up 30% y/y. Gasoil options activity has been performing particularly well, hitting record open interest of 234,570 contracts on July 3, while Gasoil options traded at record levels in Q2 2024 with 287,421 options traded. During Q2 , a record of approximately 16.2 million oil options contracts traded at ICE, including a record 13.5 million Brent options contracts. Customers can benefit from margin offsets as high as 98% when clearing ICE Gasoil alongside other oil positions at ICE.