VOL. XLVII

No 08

23-February-2004

OIL PRICES

NYMEX And Dubai To Study Regions First Commodity Futures Exchange

The New York Mercantile Exchange (NYMEX) and the Dubai Development and Investment Authority (DDIA) have signed a memorandum of understanding (MOU) for a joint study of the potential for establishing a proposed Dubai Mercantile Exchange (DME), which would be the regions first commodity futures exchange. NYMEX trading is the main influence on global crude oil prices, through the WTI futures...