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ICE

Connect to global oil markets

Built for the commercial trader. Traded by a global market. As global oil markets become more interconnected, risk management is crucial. Rising U.S. shale exports, growing Asian demand, and geopolitical challenges mean commercial participants demand precise, reliable tools to hedge and manage their risk.

ICE’s global crude oil and refined products complex includes Brent crude as the cornerstone, as well as Gasoil, WTI, Midland WTI American Gulf Coast (AGC), (Platts) Dubai, and Murban benchmarks.

These benchmarks are the foundation for over 600 related oil products including locational and refined spreads across 47 geographic markets. This means participants can access the products they need at the exact point of consumption or production.

Global Benchmarks


Price benchmarks 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 provide security and liquidity to the whole market.

Our crude complex centers on Brent, WTI, Midland WTI AGC, (Platts) Dubai and Murban, along with the most liquid market of related derivatives.

Brent is the price barometer for ~80% of global crude. As a waterborne crude - with access to global shipping, ports, and storage capacity - it is easily transported around the world. This gives Brent an advantage over landlocked crudes and provides a clear valuation opportunity for commercial and financial traders.
Global Crude Benchmarks: Brent Sets the Standard. Read the Energy Intelligence series

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. The contract not only brings the benefits of electronic trading a U.S. light sweet crude marker, but also unites the world's three most significant oil benchmarks on a single exchange: Brent, (Platts) Dubai, and WTI, as well as the emerging benchmarks Murban and Midland WTI AGC. Customers can benefit from margin offsetting across the entire crude oil and refined product complex.

A benchmark for pricing U.S. crude production and exports, with delivery points in Houston, the most active crude trading hub on the U.S. Gulf Coast. Deliverable into the MEH and ECHO terminals, barrels from the Permian basin are recognized for their consistent high quality.
ICE Midland WTI American Gulf Coast Futures: Watch the webinar replay

ICE (Platts) Dubai Futures provide critical price discovery and risk management for the Middle Eastern and Asian crude markets.

ICE Murban futures provide transparent pricing and a forward curve to participants, establishing a secondary market for the first time. Murban represents a new oil benchmark, with this light sweet crude well-positioned to serve a global market.
The prospects of Murban as a benchmark. Read the article

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