Difference between revisions of "Middle East crude oil futures"

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There have been multiple efforts to establish a third global benchmark for oil prices using Middle East crude alongside the established [[West Texas Intermediate (WTI)]] and [[Brent crude]] contract specifications<ref>{{cite web|url= http://www.reuters.com/article/companyNewsAndPR/idUSL1743182720070517|org=Reuters|name=Factbox|date=December 18, 2007}}</ref>. The [[IntercontinentalExchange]] and the [[New York Mercantile Exchange]], through its investment in the [[Dubai Mercantile Exchange]], are currently embroiled in competition to secure this role through competing futures contracts launched in 2007.
There have been multiple efforts to establish a third global benchmark for oil prices using Middle East crude alongside the established [[West Texas Intermediate (WTI)]] and [[Brent crude]] contract specifications<ref>{{cite web|url= http://www.reuters.com/article/companyNewsAndPR/idUSL1743182720070517|org=Reuters|name=Factbox|date=December 18, 2007}}</ref>. The [[IntercontinentalExchange]] and the [[New York Mercantile Exchange]], through its investment in the [[Dubai Mercantile Exchange]], are currently embroiled in competition to secure this role through competing futures contracts launched in 2007.


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