International headlines show a crash in oil prices unleashed by the coronavirus lockdown. US crude oil futures plunged back into negative territory following a historic decline in oil prices below zero, which was triggered by the expiry of May futures contracts for WTI crude.

With that in mind, we can no longer ensure accurate and orderly pricing for the oil instruments we have available to clients. In order to protect clients we will be setting ALL oil products to close only, with immediate effect.

We will continue to monitor the market for developments and hope to be able to resume trading on all oil products as soon as it becomes viable to do so.

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TIO Staff

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