text: SIMEX Brent closed on Monday owing to IPE holiday . SINGAPORE 1996-08-26 The Brent crude futures market on the Singapore International Monetary Exchange ( SIMEX ) was closed on Monday in respect for a U.K. national holiday . THE SIMEX Brent market keeps to the trading schedule of the International Petroleum Exchange ( IPE ) in London , which is closed for a British bank holiday . Contracts traded in Singapore are mutually offset against contracts traded in London . -- Singapore Newsroom ( +65 870 3081 )