International Petroleum Exchange (IPE) has brought forward
the next stage in its timetable for the transition to
electronic trading, in response to the expectation of war in
the Middle East.
Trading in IPE's flagship brent crude and gas oil futures
contracts was extended last Thursday. The markets opened early
at 02.00 GMT, with the trading session running up to the
current closing times of the extended hours trading sessions of
09.45 for brent and 09.00 for gas oil.
"In view of the current geopolitical situation, the IPE
Board has agreed that the IPE should extend its trading hours
at the earliest opportunity," the exchange said on its
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