VOL. XLIV

No. 19

7-May-2001

CRUDE OIL/LPG PRICES

Londons IPE Agrees To Takeover ByICE Internet Trading Platform

Londons IPE announced on 30 Aprilthat it is to be merged into the Atlanta-based trading platformIntercontinentalExchange (ICE) in a deal which is likely to see the end of openoutcry trading in Brent crude oil futures used as a benchmark for setting theprices of many crude oils worldwide and a transfer of trading to a website.IPE says that the move is likely to reinforce Brents...