The Middle East crude market strengthened further, with DME Oman rising to its highest premium in more than six months against Dubai swaps.
Dubai's strength also closed its gap with global benchmark Brent t
DME Oman Crude Oil Futures Contract (DME Oman) the flagship exchange of the Dubai Mercantile Exchange (DME), traded more than 1.13 million contracts (equivalent to 1.13 billion barrels of crude oil) in the first six months of 2014.
DME Oman's front-month June contract settled below $100 per barrel for the first time since July, trailing international oil futures lower, as China's first-quarter growth data revived global demand worries.
The flat price
Dubai Mercantile Exchange (DME) said for the first time its flagship crude oil futures contract, DME Oman, will be included in a new US-based commodities fund which will give investors exposure to Asia's rapidly growing demand for raw materi
Dubai Mercantile Exchange (DME) has made a historic start to 2012 with the announcement of three new records in highest monthly trading, best average daily volume and busiest day in exchange’s history.
The top energy futures exchange said
The Dubai Mercantile Exchange (DME) said the average daily trading of its flagship unit, Oman crude oil futures contract (DME Oman), has increased by 130 per cent since 2008 and added that it was planning new contracts this year.
The Dubai Mercantile Exchange (DME) said it has achieved a new record in open interest and physical delivery in its flagship DME Oman Crude Oil Futures Contract (DME Oman) this February.
The DME open interest hit a new record of 19,867 and
Three months after its launch, InterContinentalExchange's sour Middle East contract looks moribund, having failed to trade on two days this month, and rarely trading in Asian time anymore.
The Oman contract on the rival Dubai Mercantile Ex