CME Groupreason 04 of 4not in the tablederived 2026-09-01accession 0001156375-26-000047
Overall market volatility was high in early 2026 due to the heightened geopolitical conflict in the Middle East
In the second quarter of 2026, overall market volatility subsided relative to periods of very high volatility earlier in the first quarter
We believe these factors contributed to volume remaining relatively flat in the second quarter of 2026 when compared to the same period in 2025 and an increase in volume in the first six months of 2026
The geopolitical conflict in the Middle East in early 2026 disrupted crucial supply chain routes and created higher uncertainty within the crude oil markets
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Overall market volatility was high in early 2026 due to the heightened geopolitical conflict in the Middle East
In the second quarter of 2026, overall market volatility subsided relative to periods of very high volatility earlier in the first quarter
We believe these factors contributed to volume remaining relatively flat in the second quarter of 2026 when compared to the same period in 2025 and an increase in volume in the first six months of 2026
The geopolitical conflict in the Middle East in early 2026 disrupted crucial supply chain routes and created higher uncertainty within the crude oil markets