UAE- DME Oman crude futures close at US32.28

12/30/2015 9:10:07 AM

(MENAFN- Emirates News Agency (WAM))

DME Oman crude futures close at US$32.28 DUBAI 30th December 2015 (WAM) --- The price of Oman Crude Oil Financial Contract on the Dubai Mercantile Exchange (DME Oman) for delivery in February 2016 today went up US$029 closing at US$32.28/barrel at 12:30 p.m. Dubai local time.

DME Oman crude oil is considered 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.

The DME the premier energy-focused commodities exchange in the East of Suez and home to the world's third crude benchmark 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.

WAM/MMYS

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