Financial oil trading booming, especially in US
Volumes in US contracts outpace growth elsewhere on the back of the US shale oil boom
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Singapore
FINANCIAL oil trading is booming, hitting records this year, with volumes in US contracts outpacing growth elsewhere on the back of the US shale oil boom.
Trading data in Thomson Reuters Eikon shows 2017 volumes for US benchmark West Texas Intermediate (WTI) front-month futures, the most exchanged contracts, will hit a record of nearly 150 million.
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