Middle East Economic Survey

VOL. XLIX

No 3

16-January-2006

OIL PRICES

ICE Plans WTI Trading In Response To Nymex Brent Move

Electronic trading marketplace IntercontinentalExchange (ICE), owner of Londons IPE exchange, plans to launch an electronically-traded WTI futures contract in response to the move by competitor Nymex to trade Brent electronically and in Europe. In a statement on 9 January, ICE said: The ICE WTI contract will begin trading on 3 February, pending regulatory approval The ICE WTI...