In April 2000, IPE was reorganized and became a profitable company. In June, 20001,IPE was listed by Intercontinental Exchange Company, and became a wholly-owned subsidiary of the company established under the laws of Delaware in the eastern United States.

At present, there are four important crude oil futures contracts in the world: the New York Mercantile Exchange (NYMEX) light and low-sulfur crude oil, namely "West Texas Intermediate" futures contract, high-sulfur crude oil futures contract, London International Petroleum Exchange (IPE) Brent crude oil futures contract and Singapore Exchange (SGX) Dubai acid crude oil futures contract. Other oil futures include heating oil, fuel oil, gasoline and light diesel oil. Tokyo Commodity Exchange (TOCOM) gasoline, kerosene, diesel oil, crude oil and other futures.

NYMEX West Texas Intermediate crude oil futures contract specifications are 65,438+0,000 barrels per lot, and the quotation unit is USD/barrel. After its launch, this contract is the most successful commodity futures contract in history, and its transaction price has become the focus of international oil market.