Crude Oil is one of the most widely used and actively traded commodities in the world. And ICE is where a large percentage of the world's crude oil derivatives are traded.

Our range of crude oil contracts includes Brent, the world’s most commonly referenced crude oil price benchmark, as well as WTI and Dubai.

Price benchmarks such as these do the ‘heavy lifting’ for oil price discovery, enabling other grades to be traded in reference to the most liquid flat price instruments. This helps to provide security and liquidity to the whole market.

Margin Offses

  • Margin offsets between Brent and Dubai of up to 96% offer the most efficient way to cover East/West pricing exposure
  • Up to 97% in initial margin savings when you trade Brent/WTI spreads on ICE
  • Savings of nearly 90% in initial margin costs when you keep your Arb options and underlying hedge with ICE
  • Margin offsets across the entire oil product range
  • Additional margin offsets against non-oil contracts including coal, gas, power, emissions and freight
  • A reduced fee structure for contracts held to expiry
  • A selection of ICE Brent cracks across the barrel to help you cover your refining margin exposure
  • A comprehensive list of FFAs to help you cover freight exposure while receiving margin offsets against your crude positions
  • Around-the-clock- help for entering direct counterparty deals

 

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Global Crude Oil Benchmarks

Crude Oil Futures & Options

Price benchmarks such as these do the 'heavy lifting' for oil price discovery, enabling other grades to be traded in reference to the most liquid flat price instruments. This helps to provide security and liquidity to the whole market.

Brent Crude »

As a waterborne oil supply that's transported to various areas of the world, Brent quickly became the global price benchmark for crude oil.

WTI »

The ICE West Texas Intermediate (WTI) Light Sweet Crude Oil Futures Contract offers participants the opportunity to trade one of the world's most liquid oil commodities in an electronic marketplace.

Dubai »

A monthly cash settled future based on the Platts daily assessment price for Dubai Crude.

Brent/WTI Futures Spread »

The ICE Brent/WTI Futures Spread allows you to trade the spread between ICE Brent Futures and ICE WTI Futures.

Brent 1st Line vs. Dubai 1st Line Future »

A monthly cash settled future based on the difference between the ICE daily settlement price for Brent 1st Line and the Platts daily assessment price for prompt Dubai.

Permian WTI »

The physically-delivered Permian WTI futures contract will bring a light sweet U.S. crude to the global market, with a delivery point in Houston enabling efficient transportation to domestic and foreign buyers.

A World of Oil with ICE

Use the globe below to explore our range of oil products.

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