Brent crude futures for November rose by 1.01%

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AK&M 27 September 2023 13:30

Brent crude oil futures for November on the Intercontinental Exchange (ICE) on September 27 at 12:10 MSK amounted to $94.91 per barrel (+$0.95, +1.01%).

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

A Brent crude futures contract is a delivery contract based on the delivery of an EFP (exchange of futures for a physical commodity) with a cash settlement option. The minimum contract is accepted for 1000 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.