Middle East Economic Survey

VOL. L

No 28

9-July-2007

OIL PRICES/OMAN

4Mn Barrels Of Oman Crude Set For Physical Delivery Under DME August Contract

Four million barrels of crude oil will be physically delivered in August following the completion of the first month of trading of the Oman Crude Oil Futures Contract by the Dubai Mercantile Exchange (DME). DME announced on 3 July that there was open interest of 4,000 contracts, each of 1,000 barrels of Oman crude, on expiry of the August contract. A...