Middle East Economic Survey


No 49


DME Marks 1Bn Barrels Cumulative Trade Since June 2007 Launch

The Dubai Mercantile Exchange (DME) on 29 November announced that cumulative trading in its benchmark DME Oman Crude Oil Futures Contract (DME Oman) had exceeded 1mn contracts, representing 1bn barrels of crude oil traded since it was launched on 1 June 2007 (MEES, 4 June 2007). A statement released by DME said at the close of trading on 27 November 2009, DME Oman had traded a total...