Brent crude futures for November rose by 1.08%

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AK&M 27 September 2021 10:41

Brent crude oil futures for November on the Intercontinental Exchange (ICE) at the close of September 24 amounted to $78.09 per barrel (+$0.84; +1.08%).

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

A Brent crude oil futures contract is a delivery contract based on the delivery of an 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 volumes that are multiples of 1 thousand barrels. ICE Clear Europe acts as the central counterparty for 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.