International Petroleum Exchange

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International Petroleum Exchange (IPE)

Energy futures and options exchange based in London.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

International Petroleum Exchange

Futures and options exchange for energy commodities. Based in London and founded in 1980, the exchange deals with contracts on electricity, oil, natural gas, coal, and carbon emissions allowances. Notably, Brent Crude futures, one of the world's leading oil price indicators, trades on the IPE.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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In Europe, Brent crude for May delivery rose $1.24 to $27.64 Tuesday on the International Petroleum Exchange of London. The London market was closed Monday for the Easter holiday.
U.S., European crude oil prices surge on Mideast conflict

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