Difference between revisions of "Middle East crude oil futures"

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The Nymex product traced its roots back to co-operation with the governments of Dubai and Oman to create a benchmark using the Dubai-Oman price for crudes sold in the Asia-Pacific market.
The Nymex product traced its roots back to co-operation with the governments of Dubai and Oman to create a benchmark using the Dubai-Oman price for crudes sold in the Asia-Pacific market.


The two governments signed a memorandum of understanding in February 2006 and pledged to use the contract scheduled for launch on the state-backed [[Dubai Mercantile Exchange]] to price their own oil production<ref>{{cite web|url= http://www.reuters.com/article/governmentFilingsNews/idUSL3026179120070530|org=Reuters|name=DME Oman oil futures get last-minute Dubai boost|date=December 18, 2007))</ref>. The physically-delivered [[Oman Crude Oil Futures Contract]] was launched on June 1, 2007
The two governments signed a memorandum of understanding in February 2006 and pledged to use the contract scheduled for launch on the state-backed [[Dubai Mercantile Exchange]] to price their own oil production<ref>{{cite web|url= http://www.reuters.com/article/governmentFilingsNews/idUSL3026179120070530|org=Reuters|name=DME Oman oil futures get last-minute Dubai boost|date=December 18, 2007}}</ref>. The physically-delivered [[Oman Crude Oil Futures Contract]] was launched on June 1, 2007
<ref>{{cite web|url=http://www.dubaimerc.com/pdf/OmanContract/Oman%20Crude%20Oil%20Futures%20Contract.pdf|org=DME|name=Contract Specifications|date=December 18, 2007}}</ref>.
<ref>{{cite web|url=http://www.dubaimerc.com/pdf/OmanContract/Oman%20Crude%20Oil%20Futures%20Contract.pdf|org=DME|name=Contract Specifications|date=December 18, 2007}}</ref>.


== References ==
== References ==
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