ICE’s Natural Gas and Oil Markets Hit Record Open Interest

Intercontinental Exchange (ICE) reported unprecedented open interest in its global natural gas and oil markets, signaling heightened activity in energy derivatives. Natural gas futures reached a record 24.17 million contracts on June 25, 2025, while oil futures and options peaked at 17.57 million contracts, including an all-time high of 7.3 million for oil options.

ICE Brent crude futures and options, the world’s leading crude benchmark, achieved a milestone with 7.3 million contracts, while Brent options alone set a record at 4.5 million. The ICE Low Sulphur Gasoil market, a key reference for refined products, saw 1.4 million contracts and its highest physical delivery volume this year. Dutch TTF gas futures also surged to 2.36 million contracts.

The surge culminated in a single-day energy futures volume record of 9.69 million contracts on June 13, with oil derivatives accounting for 9.1 million. These benchmarks underscore ICE’s dominance in price discovery and risk management for global energy markets.