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It outlines the role of ICE in crude and benchmark markets, discusses commodity investment approaches such as active and passive strategies, and analyzes how oil contracts influence spot performance, roll return, and correlations. The material also covers benchmark fundamentals, including storage, dollar correlation, cyclical drivers, and the influence of geopolitical and global demand dynamics, alongside an ICE overview of markets, products, and technology.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":11,"@type":70,"position":76},"https://docshare.wps.com/template/presentations/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/oil-benchmarks-implications-opportunities-may-2011/564842/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/oil-benchmarks-implications-opportunities-may-2011/564842.png","ImageObject",442,249,{"name":88,"@type":89},"Well Done","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-22","2026-10-12",true,{"@type":98,"interactionType":99,"userInteractionCount":79},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"What does the document say about oil benchmarks and their importance?","Question",{"text":108,"@type":109},"It emphasizes that commodity futures benchmark performance is tied closely to fundamental oil infrastructure and that oil contracts underpin the index role of key benchmarks.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"How does the document describe ICE’s role in crude and benchmarks?",{"text":113,"@type":109},"It positions ICE as a provider of consistently superior benchmarks and market reach, supporting global liquidity through its regulated exchanges, OTC energy offerings, clearing, and data services.",{"name":115,"@type":106,"acceptedAnswer":116},"What benchmark drivers does the document highlight for global oil markets?",{"text":117,"@type":109},"It highlights storage levels, negative correlation with the dollar, and cyclical macro factors tied to inflation and broader economic conditions.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},564842,1792316373,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":8,"category_name":11,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":79,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":135,"language":136,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":61,"update_tm":140,"read_time":20},5909892210082,"https://ap-avatar.wpscdn.com/avatar/56001069da27c9f41e8?x-image-process=image/resize,m_fixed,w_180,h_180&k=1789614185077863061","OIL BENCHMARKS:  \nIMPLICATIONS & OPPORTUNITIES  \nMay 2011  \nLEGAL DISCLAIMER  \nForward-Looking Statements   \nThis presentation may contain “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements regarding our business that are not historical facts are forward-looking statements that involve risks, uncertainties and assumptions that are difficult to predict. These statements are not guarantees of future performance and actual outcomes and results may differ materially from what is expressed or implied in any forward-looking statement. For a discussion of certain risks and uncertainties that could cause actual results to differ from those contained in the forward-looking statements see our filings with the Securities and Exchange Commission (the \"SEC\"), including, but not limited to, the \"Risk Factors\" in our Annual Report on Form 10-K for the year ended December 31, 2008, as filed with the SEC on February 11, 2009. SEC filings are also available in the Investors & Media section of our website. All forward-looking statements in this presentation are based on information known to us on the date hereof, and we undertake no obligation to publicly update any forward-looking statements.  \nThe following are registered trademarks of IntercontinentalExchange, Inc. and/or its affiliates: IntercontinentalExchange, IntercontinentalExchange & Design, ICE, ICE and block design, Global Markets in Clear View, ICE Futures Canada, ICE Futures Europe, ICE Futures U.S. , ICE Trust, ICE Clear, ICE Clear Europe, ICE Clear U.S. , ICE Clear Canada and ICE Data. For more information on registered trademarks owned by IntercontinentalExchange, Inc. and/or its affiliates, see [https://www.theice.com/terms.jhtm](https://www.theice.com/terms.jhtml)[l](https://www.theice.com/terms.jhtml)  \nThe financial instruments discussed in this publication may not be suitable for all investors and investors must make their own investment decisions using their own independent advisors as they believe necessary and based upon their specific financial situations and investment objectives. If a financial instrument is denominated in a currency other than an investor’s currency, a change in exchange rates may adversely affect the price or value of, or the income derived from, the financial instrument, and such investor effectively assumes currency risk. In addition, income from an investment may fluctuate and the price or value of financial instruments described in this publication, either directly or indirectly, may rise or fall. Furthermore, past performance is not necessarily indicative of future results. Derivative transactions involve numerous risks including, among others, market, counterparty default and illiquidity risk. The appropriateness or otherwise of these products for use by investors is dependent on the investors' own circumstances including their tax position, their regulatory environment and the nature of their other assets and liabilities and as such investors should take expert legal and financial advice before entering into any transaction similar to or inspired by the contents of this publication.  \nOIL BENCHMARKS:  \nIMPLICATIONS & OPPORTUNITIES  \nContent:  \n• Introduction: Contexts, ICE role in crude and benchmarks  \n• Commodity investment, active & passive, custom indices, long/short  \n• Importance of oil contracts: Spot performance, roll return, correlations  \n• So what do ICE oil contracts have to offer?  \n– Consistently superior performance, liquidity, global benchmarks & reach  \n• Current trends, Brent, WTI, Gasoil  \n• Market issues-benchmark performance, growth and liquidity  \nKey take-aways:  \n– Commodity futures benchmarks performance is closely related to their fundamental oil infrastructure  \n– Water-borne contracts best fulfil the original rationale for oil’s key index role  \n– Oil contracts’ contribution to Indices is too important to leave to underperformi","cbCaiix9SH53KW9I","https://ap.wps.com/l/cbCaiix9SH53KW9I","pdf",6123739,41,"English","# Introduction: Contexts, ICE role in crude and benchmarks\n# Benchmark basics: Fundamentals & price mechanism\n# ICE overview: Diverse markets, products and technology\n## ICE Regulated Futures Exchanges\n## ICE Data & Services\n# Background: Globally relevant oil markets\n## ICE Brent & Gasoil\n# Oil benchmarks: Implications & opportunities","[{\"question\":\"What does the document say about oil benchmarks and their importance?\",\"answer\":\"It emphasizes that commodity futures benchmark performance is tied closely to fundamental oil infrastructure and that oil contracts underpin the index role of key benchmarks.\"},{\"question\":\"How does the document describe ICE’s role in crude and benchmarks?\",\"answer\":\"It positions ICE as a provider of consistently superior benchmarks and market reach, supporting global liquidity through its regulated exchanges, OTC energy offerings, clearing, and data services.\"},{\"question\":\"What benchmark drivers does the document highlight for global oil markets?\",\"answer\":\"It highlights storage levels, negative correlation with the dollar, and cyclical macro factors tied to inflation and broader economic conditions.\"}]","OIL BENCHMARKS - IMPLICATIONS & OPPORTUNITIES - May 2011 | PDF",1791844511]