ICE Reports Record Trading Volumes in Midland WTI and Canadian Crude Oil Markets

Reuters02-06
ICE Reports Record Trading Volumes in Midland WTI and Canadian Crude Oil Markets

Intercontinental Exchange Inc. $(ICE)$ announced record trading activity in its Midland WTI (HOU) and Canadian crude oil markets for January 2026. ICE's Midland WTI (HOU) futures, the benchmark for U.S. crude production and exports, traded a record 1.9 million contracts during the month, with an average daily volume $(ADV)$ of 96,388 contracts. The contract also set consecutive single-day volume records, reaching 257,569 contracts traded on January 30, 2026. ICE Western Canadian Select (WCS) 1a Index futures (TMW), the benchmark for Canadian heavy crude, traded a monthly record of 130,000 contracts, with a record ADV of 6,200 contracts and a single-day volume record of 19,965 lots on January 6, 2026. ICE WCS Houston futures (ARV), pricing against physical WCS trades in Houston, traded a record 188,000 contracts with an ADV of 8,970 contracts. Overall, ICE reported that a record 1.2 billion energy derivatives contracts were traded on its platform in 2025, including 736 million oil futures and options.

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