Global Participants Hedge Oil Risk at Record Levels Across ICE's Canadian Crude and Midland WTI (HOU) Markets Through January 2026

Core Viewpoint - Intercontinental Exchange, Inc. reported record trading activity in January 2026 for its Midland WTI (HOU) and Canadian crude oil markets, driven by the return of Venezuela as an oil exporter, which introduces new competition for Canadian oil [1] Group 1: Trading Activity - January 2026 experienced unprecedented trading volumes in ICE's Midland WTI (HOU) and Canadian crude oil markets [1] - The surge in trading activity is attributed to customers adjusting to the impact of Venezuelan crude oil re-entering the market [1] Group 2: Market Competition - The re-emergence of Venezuelan crude oil is expected to create potential new competition for Canadian oil [1]