Crude Oil Rollercoaster Drives Trading Volumes to All Time Highs

[kreslik.news]

Crude oil futures have registered a back-to-back record month of trading activity on the Tokyo Commodities Exchange. After marking a record breaking 503,119 contracts in December 2015, the Dubai Crude Oil futures volume reached 703,313 contracts in January 2016.

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The figure comes merely a day after a wild rollercoaster ride in crude oil prices has driven the crude oil markets haywire yesterday. After rallying close to 10 per cent in the aftermath of an announcement of prospective output cuts by major oil producers by ... (read more)