Intercontinental Exchange Inc., the leading global provider of energy trading platforms, said that global futures and options markets reached record open interest of over 96 million contracts during May as market players in sectors such as oil, natural gas and LNG launched hedging operations amid volatile prices.

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European natural gas prices and Asian spot LNG cargo values moved higher on April 15 in early market activity after the weekend drone and ballistic missile attacks on Israel by Iran further unsettled energy markets.

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Oil prices moved back above $40 per barrel for the first time since March while European natural gas prices and LNG vaue indicators surged by 40 percent to recover from historic lows amid more positive signals for global economies.

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