ICE Sets 19:28-19:30 UK Time as Daily Oil Settlement

19:28-19:30 UK time (14:28-14:30 Eastern) is ICE's daily settlement window — the two minutes that set the official closing price — for Brent, WTI, Midland WTI AGC and Dubai crude futures and options, per its trading schedule. I watch it closely because hedging and energy costs key off that price.