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ICE BRENT CRUDE OIL FREQUENTLYASKED QUESTIONS JANUARY 2013 ICE Brent Key Facts and Summary ICE Brent futures and options are traded at ICE Futures Europe, ICEs London based futures exchange and executed
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ICE Brent Crude Oil refers to the International Commodities Exchange (ICE) futures contract for Brent crude oil. It is a global benchmark for oil prices and represents the price of a specific type of crude oil.
ICE Brent Crude Oil futures contracts can be traded by various market participants, including oil producers, refiners, traders, and speculators.
To trade ICE Brent Crude Oil futures contracts, market participants need to open an account with a licensed commodity futures broker and follow the trading rules and procedures of the exchange.
The purpose of ICE Brent Crude Oil futures contracts is to provide a standardized and transparent market for participants to manage their exposure to fluctuations in the price of Brent crude oil.
For each ICE Brent Crude Oil futures contract traded, participants need to report the details of the trade, including contract specifications, trade price, quantity, and any relevant trade modifiers or special instructions.
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