Oil market faces tight deadline for Ice Brent protocol


Oil market participants are being urged to move quickly to sign up to a new protocol aimed at ensuring the market for over-the-counter derivatives on Brent North Sea crude oil undergoes a smooth transition on December 6, when Atlanta-based Ice is set to change the expiration dates for many of its Brent futures and options contracts.

"It's a fairly short window to get people signed up," says Lauren Teigland-Hunt, managing partner of New York-based law firm Teigland-Hunt, which helped draft the pr

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