Oil trading surpassed daily volume records on the world’s two largest petroleum exchanges on Friday (January 28), amid growing supply side concerns in the Middle East. Global light sweet crude benchmarks closed around $89.92 a barrel last week, before spiking above $90 today.
West Texas Intermediate trading hit a record 1.47m contracts on Nymex, CME Group said. This surpassed the previous record of 1.4m contracts set on April 13 2010. Nearly half a million WTI contracts changed hands on ICE Futures Europe too, as part...