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Oil trading volume jumps on Russia's leading commodity exchange

Xinhua, September 11, 2015 Adjust font size:

Russia's largest commodity exchange, the St. Petersburg International Mercantile Exchange (SPIMEX), reported a sharp increase Thursday in the trading volume of petroleum products.

A total of 2.02 billion rubles (26.5 million euros) was pushed through the petroleum exchange during the day's trading, an 18.9 percent increase on Wednesday's numbers.

Real trading volume also increased by 24.4 percent to 63.6 million tons.

SPIMEX was founded by Russian energy giants including Rosneft, Transneft and Gazprom Neft as a forum for commodity trading and futures contracts in Russia's northern capital. Endit