Middle East Economic Survey

VOL. LIV

No 14

1-Apr-2011

DME Cumulative Oman Crude Trading Exceeds 2Bn Barrels

The Dubai Mercantile Exchange (DME) announced on 27 March that cumulative trading of the DME Oman Crude Oil Futures Contract (DME Oman) has exceeded 2mn contracts, representing 2bn barrels of crude oil traded since its launch on 1 June 2007. The DME said in a statement that as of the close of trading on 25 March, DME Oman had traded a total of 2,011,625 contracts, each of which...