CORRECTED - US crude front-mth daily trade volume hits record

Related Topics

Fri Feb 5, 2010 4:27pm EST

(Corrects time in 3rd paragraph to 2:50 p.m. EST)

NEW YORK Feb 5 (Reuters) - The daily volume of front-month crude oil futures traded on the New York Mercantile Exchange hit a record on Friday.

The surge came as prices fell after the dollar surged and amid worries about the jobs market after a mixed government employment report.

Trading volume for the front-month contract, currently for March delivery CLHO, hit an estimated 540,000 positions as of 2:50 p.m. EST (1950 GMT), eclipsing the previous record of 527,000 hit on Dec. 9.

Post settlement trading continues until 5:15 p.m. EST (2215 GMT).

NYMEX launched crude oil futures trading in March 1983. (Reporting by Gene Ramos)

Related Quotes and News

Company
Price
Related News
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.