UAE- DME Oman Crude Oil Financial Contract closes at US45.31
Date
11/3/2015 7:24:10 AM
(MENAFN- Emirates News Agency (WAM))
DME Oman crude oil is a benchmark for pricing crude oil by the countries that produce it and it gives them a differential price that reflects the quality of the product.
DME is a joint venture between Dubai Holding Oman Investment Fund and CME Group. A number of global financial institutions and energy trading firms have equity stakes in the DME providing the exchange with a resounding vote of confidence by major players in global energy markets.