IPE EXPANDS TRADING, PLANS DISTILLATE CONTRACT

Peter Wildblood International Petroleum Exchange London London's International Petroleum Exchange has experienced a remarkable growth period over the last 3 years. During this time both turnover and open interest have increased tenfold with a growth rate over the last calendar year of 130%. These developments reflect the acceptance by the oil industry of futures as a valuable hedging and pricing vehicle, and the validity of the exchanges' contracts to fulfill this need.

Jan 22nd, 1990
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