Crude futures rose about one per cent on Friday after American inventories fell for a fourth straight week although prices are set for a weekly drop on a stronger dollar.
Oil saw steep falls earlier this week as a resurgent dollar
Crude oil futures rebounded on Friday, with Brent heading for its biggest monthly gain since May 2009, as supply outages in North Sea and renewed fears of gas supply disruption in Europe supported prices.
A reduction in rig counts
Nanhua Futures (Hong Kong), a wholly-owned subsidiary of Nanhua Futures, a leading Chinese overseas futures company, has been approved as a broker member of the Dubai Gold and Commodities Exchange (DGCX).
Nanhua Futures (China) ha
The Dubai Gold and Commodities Exchange (DGCX) recorded a 19 per cent growth in volumes in November, as compared to the same period last year, training more than 980,000 contract, valued at $28.5 billion.
Dubai Gold and Commodities Exchange (DGCX) has launched two futures contracts based on the MSCI India Index, further expanding its equity suite and emerging market portfolio.
One contract is based on the MSCI India Price Return In
Trading volumes in the Dubai Gold and Commodities Exchange (DGCX) grew 18 per cent in July from the previous month. It traded 992,061 contracts valued at $29.95 billion during the month.
DGCX Gold Futures traded 39,536 contracts in July
Oil futures rose above $110 a barrel on Wednesday as violence in Iraq prompted worries about the supply outlook, while a fall in US stockpiles of gasoline pointed to stronger seasonal demand.
Brent futures gain
The Dubai Gold and Commodities Exchange (DGCX) has recorded a 24 per cent growth in May as compared to the previous month, aggregating more than one million contract at $31.5 billion.
The currency segment was t
Advantage Futures, a leading futures brokerage firm, has been approved as a clearing member of the Dubai Mercantile Exchange, a leading energy futures exchange in the Middle East.
As a clearing member, Advantag