Brent crude futures for February fell by 2.45%

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AK&M 04 December 2023 11:05

Brent crude oil futures for February on the Intercontinental Exchange (ICE) at the close of December 1 amounted to $78.88 per barrel (-$1.98; -2.45%).

Brent crude futures are traded on the Intercontinental Exchange (ICE), which was founded in 2000 for electronic trading in energy markets and to ensure greater price transparency.

A Brent crude oil futures contract is a supply contract based on the supply of EFP (exchange of futures for a physical commodity) with an option to settle in cash.

The minimum contract is accepted for 1 thousand barrels. Trading is conducted in US dollars in any volume multiples of 1 thousand barrels. ICE Clear Europe acts as the central counterparty to transactions conducted on the London stock exchanges. This allows him to guarantee the financial performance of each contract, up to delivery, execution and/or settlement.