Middle East Economic Survey

VOL. XLVII

No 45

8-November-2004

OIL PRICES

NYMEX Opens Brent Trading Floor In Dublin As IPE Restricts Open Outcry Session

The New York Mercantile Exchange (NYMEX) announced on 29 October it would open its Brent crude oil futures trading floor in Dublin on 1 November, pending final regulatory approvals, systems testing, and third party vendor cooperation and compliance. NYMEX has leased space from the New York Board of Trade's FINEX Dublin operation. Using open outcry,...