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CommoditiesHigh Impact•4 March 2026•

1 min read

Oil and Fuel Trading Volumes Hit Record Highs Amid Surging Energy Prices

World map with commodities like oil, gold, coffee, wheat, and metals, overlaid with an upward green arrow and financial charts.

Key Facts

1Total number of oil and fuel futures and options contracts reached an all-time high of 12.7 million.

2ICE Low Sulphur Gasoil contracts hit a record high of 1.3 million.

Trading volumes for oil and fuel futures and options have reached an all-time high of 12.7 million contracts. This surge comes as market participants rush to lock in prices amid significant upward volatility in global energy benchmarks. Specifically, ICE Low Sulphur Gasoil contracts hit a record 1.3 million, reflecting intense activity in refined products. Combined contracts for Brent and WTI crude stood at 4.8 million as of March 1, according to data from ICE and Reuters. The record-breaking activity is driven by traders seeking to hedge positions or speculate on further price increases. High trading volume and open interest typically signal strong market conviction and robust liquidity in the current energy market environment.