Financial oil trading booms, especially in the United States

Financial oil trading booms, especially in the United States:

"Financial oil trading is booming, hitting records this year, with volumes in U.S. contracts outpacing growth elsewhere on the back of the U.S. shale oil boom.

Trading data in Thomson Reuters Eikon shows 2017 volumes for U.S. benchmark West Texas Intermediate (WTI) front-month futures, the most exchanged contracts, will hit a record of nearly 150 million.

 This is more than double the 71 million trades for spot Brent futures, the international benchmark, further widening a gap that has yawned open as U.S. crude output has surged nearly 70 percent over the past five years.

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